Federal Estate Tax
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VALUE OF CORPORATION’S PREEMPTIVE SHARES PAID TO DECEASED SHAREHOLDER’S ESTATE SUBJECT TO DECEASED’S ESTATE TAX
Federal Estate Tax laws require the Internal Revenue Service (“the IRS”) to determine the “fair market value” of every single item in a decedent’s taxable estate.[1] IRS regulations define “fair market value” primarily as the price a willing buyer would be willing to pay and a willing seller would be willing to accept for the Continue reading
