AC 561 Entire Course NEW

1
Kalpan University AC 561 Unit 1 Homework
Exercises NEW
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http//www.assignmentcloud.com Problem 41, Gift
Tax Liability Problem 51, Commercial
Annuity Problem 52, Aiden's Gross estate at his
death Problem 59, Grace's tax liability from
taxable gift Problem 61, Loretta's taxable gift
to granddaughter transfer tax liability in 2013
2
Kalpan University AC 561 Unit 2 Homework
Exercises NEW
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561-kaplan-university/ac-561-unit-2-
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http//www.assignmentcloud.com Assignment 2.8
(pg. 42) Assignment 2.9 (pg. 43) Assignment
2.12 (pg. 50) Assignment 2.14 (pg. 54)
Assignment 2.20 (pg. 68)
3
Kalpan University AC 561 Unit 3 Homework
Exercises NEW
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http//www.assignmentcloud.com LO.1 Barry
creates a trust with property valued at 7
million. Under the terms of the trust
instrument, Michelle (age 48) receives a life
estate, while Terry (age 24) receives the
remainder interest. In the month the trust is
created, the interest rate is 4.4. Determine
the value of Barry's gifts. (Jr.
19-35-19-36) LO.4 Jacob gives stock (basis of
900,000 and fair market value of 2.2 million)
to Mandy. As a result of the transfer in 2013,
Jacob paid a
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gift tax of 90,000. Determine Mandy's gain or
loss if she later sells the stock for 2.3
million. (Jr. 19-36) LO.5 Bill and Ellen are
husband and wife with five married children and
eight grandchildren. Commencing in December
2013, they would like to transfer a tract of
land (worth 1,008,000) equally to their
children (including spouses) and grandchildren
as quickly as possible without making a taxable
gift. What do you suggest? (Jr. 19-37) LO.6 Last
year Christian sold a tract of land (basis of 1
million) to Kate (an unrelated party) for 4
million, with a cash down payment of 1 million
and notes for the balance. The notes carry a
7.5 rate of interest and mature annually at 1
million each over three years. (Christian did
not elect out of the installment method.) Before
any of the notes mature and when they have a
fair market value of 2.8 million, Christian
gives them to Grace.
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LO.8 In each of the following independent
situations, what bypass (exclusion) amount is
available to Ava's estate when she dies in 2013?
Assume that any appropriate procedures are
followed, and that elections are made to
transfer to Ava any DSUE amount of Al, her
deceased husband.
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Kalpan University AC 561 Unit 5 Homework
Exercises NEW
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at http//www.assignmentcloud.com/ac-
561-kaplan-university/ac-561-unit-5-
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http//www.assignmentcloud.com Chapter 20
Problems 22, 23, 25, 31, 35 (beginning on pages
20-37)