decedent

(redirected from decedents)
Also found in: Dictionary, Thesaurus, Legal, Financial.

decedent

A dead person
References in periodicals archive ?
There would be a substantial decrease in tax liabilities for transferring the properties of the decedent, as all the penalties, surcharges and interest will be foregone by the government in favor of those concerned taxpayers who will avail themselves of the Estate Tax Amnesty.
Decedents whose NVDRS data from coroner/ medical examiner reports or law enforcement reports indicated that the decedent was not employed at the time of death (unemployed, disabled, incarcerated, homemaker, or student) were excluded from rate calculations, as were decedents with military or unpaid occupations, and those with insufficient information to classify occupation.
2001(a) imposes an estate tax on the transfer of the taxable estate of every decedent who was a U.S.
1014(a), the basis of property in the hands of a person acquiring it from a decedent or to whom it passed from a decedent is the property's fair market value (FMV) at the date of the decedent's death.
A total of 36,352 Forms 706 were filed between 2007 and 2009 for decedents who died in 2007 with estates at or above the $2 million filing threshold in effect for that year of death.
Twenty-three (48%) health facility decedents and 9 (23%) community decedents had used oral rehydration solution (ORS) at home before seeking care (Table 1).
The Service recently released a notice providing guidance with regard to the time and manner in which the executor of an estate of a decedent who died in 2010 may elect to have the estate tax not apply, and to have the carryover basis rules in IRC Section 1022 apply to property transferred as a result of the decedent's death.
The Decedent, Christina Marie Forbes, aged 42, who resided at 1504 West 24th Street, Little Rock, Pulaski County, Arkansas, died at 10:12 PM on or about May 20.
Now, under IRC section 1022, for decedents dying after December 31, 2009, the property is treated as if acquired by gift and the basis in the hand of the decedent's beneficiary or heir is the lesser of: tire decedent's adjusted basis or the fair market value of the property at the date of the decedent's death.
The executor of a decedent's estate uses the form to determine the estate tax imposed by Chapter 11 of the Internal Revenue Code.
Advisers focused on private clients commonly overlook planning for the income and estate taxes on income in respect of a decedent (IRD).This item discusses issues created by IRD and presents strategies and planning insights to assist taxpayers and their tax advisers with minimizing its impact.