Section 22 Federal Estate Tax, Federal Gift Tax, and Generation-Skipping Transfer Tax

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CCH Federal Taxation Comprehensive Topics. 2 of 103. Meaning of Terms. Bequest Purpose. A bequest is made upon the passing of each person. The substance is accused of gathering and moderating the majority of the individual\'s advantages, fulfilling all liabilities and dispersing the remaining resources for the beneficiaries distinguished by will or by state law..

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