Purposes of chapter 497 Study guides, Class notes & Summaries

Alternative Container - ANSWER-Unfinished wood box or other nonmetal receptacle or enclosure, without ornamentation or a fixed interior lining, that is designed for the encasement of human remains and that is made of fiberboard, pressed wood, composition materials, or like material At-Need Solicitation - ANSWER-Any uninvited contact by a licensee or his or her agent for the purpose of the sale of burial services or merchandise to the family or next of kin of a person after his or her death ha...

TAXA 3300-TAX 497 - Chapter 18 1. All of the charitable organizations that qualify for estate tax purposes also qualify for income tax purposes. False Some difference exist 2. Al's gross estate consists of assets with a date of death value of $6 million and an alternate valuation date value of $6.1 mil. Under Al's will, all of his property passes outright to Jean (Al's wife). Which valuation should they use and what estate tax will result? Because of the marital deduction...