AGE

(redirected from Adjusted Gross Estate)
Also found in: Financial.
AcronymDefinition
AGEAerospace Ground Equipment
AGEAgarose Gel Electrophoresis
AGEAmerican Gold Eagle (gold bullion coin)
AGEAcute Gastroenteritis
AGEAcides Gras Essentiels (French: Essential Fatty Acids)
AGEAdvisory Group of Experts
AGEAdvanced Glycation Endproducts
AGEApplied General Equilibrium
AGEA. G. Edwards (stockbroker)
AGEAged Garlic Extract
AGEAssociate in General Education (degree)
AGEAircraft Ground Equipment
AGEAdjusted Gross Estate
AGEArterial Gas Embolism
AGEAssociated Ground Equipment
AGEAustralasian Gaming Expo
AGEAssembléia Geral Extraordinária (Extraordinary General Meeting; Brazil)
AGEAcid Gas Enrichment
AGEAllyl Glycidyl Ether
AGEAdmiralty Gunnery Establishment (UK)
AGEAustralian Gaming Expo
AGEAutomatic Ground Environment (US Air Force defense system)
AGEArbeitsgemeinschaft Gynäkologische Endoskopie eV
AGEAdministration Générale des Entreprises (French: General Business Administration)
AGEAuxiliary Ground Equipment
AGEAmarillo Grain Exchange
AGEAffinity Gel Electrophoresis
AGEAnti Government Element
AGEAssociation des Gynecologues d'Essey-Les-Nancy
AGEArmy Ground Equipment
AGEAncient Guardian Enterprises (San Diego, CA)
AGEAdministration Générale et Gestion des Entreprises
AGEAngle of Greatest Extension
AGEAuditory Gross Error
AGEAutomatic Goal Extraction
AGEAbusive Guardianships of the Elderly
AGEAdý Geçen Eser
AGEAmerican for Generational Equality
AGEAccess Gateway Exchange
References in periodicals archive ?
While the total value of all four parcels equaled approximately 68 percent of the adjusted gross estate, the estate elected to apply the rule to only one of the parcels, which represented 15 percent of the adjusted gross estate, because it was the only parcel that would continue to be operated as a farm.
(5ex) With respect to the IRC Section 6166 extension of time to pay estate tax, the requirement that the decedent's interest in a closely held business must exceed 35% of the adjusted gross estate is met by an estate only if the estate meets the requirement both with and without the application of the bringback rule.
(6) With respect to the IRC Section 6166 extension of time to pay estate tax (see Q 851), the requirement that the decedent's interest in a closely held business must exceed 35% of the adjusted gross estate is met by an estate only if the estate meets the requirement both with and without the application of the bringback rule.
In determining the adjusted gross estate, we can subtract the decedent's debts, such as loans, notes, and mortgages, plus the debts of the estate, such as funeral and administrative expenses.
One or more deductions can be taken from the adjusted gross estate. Major deductions are for (1) property passing in a qualifying manner to a surviving spouse (the "marital deduction"), and (2) property passing to a charity (the "charitable deduction").
What is the value of Marcel's adjusted gross estate if he were to pass away today and before Clio?
In order to qualify for deferral of tax and installment payments, at least 35 percent of the value of adjusted gross estate must consist of an interest in a closely held business.
(3) The taxable estate is determined by subtracting from the adjusted gross estate any allowable marital deduction, charitable deduction, or state death tax deduction.
The decedent's interest in the family-owned business must exceed 50% of the adjusted gross estate (adjustments for lifetime gifts).
For example, the business must be more than 50% of the adjusted gross estate (as defined(5)).
To qualify for the exclusion, the aggregate value of the decedent's qualified business interests that are passed to qualified heirs must exceed 50 percent of the decedent's adjusted gross estate, and the decedent or a member of the decedent's family must have owned and materially participated in the trade or business for at least five of the eight years preceding the date of the decedent's death.
(1) As with the Simple Will chart, the $7,500,000 estate is equivalent to the adjusted gross estate as shown in the Federal Estate Tax chart on page 19.
Full browser ?