- 4 - Estate Tax The estate of Mr. Bartels filed a U.S. Estate and Generation-Skipping Transfer Tax Return, Form 706, with the Internal Revenue Service at Kansas City, Missouri, on February 21, 1990. It reported a total estate tax liability of $3,582,245, which was paid as follows: February 20, 1990 $3,312,643 February 20, 1990 109,602 February 20, 1990 80,000 February 21, 1990 80,000 Total Payments $3,582,245 Respondent assessed the estate tax liability, in the amount of $3,582,245, on April 9, 1990. On November 18, 1991, respondent assessed a deficiency in estate tax of $94,364, plus statutory interest of $17,094.88. Both amounts were fully paid on September 18, 1991. On the original estate tax return, the estate did not claim any deduction for debts of the decedent, Mr. Bartels, to respondent for income tax liabilities for the 1981 and 1982 tax years. Thus, on September 14, 1993, the estate filed an amended estate tax return, claiming deductions from the taxable estate for the following:Page: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011