Part 20. PART 20—ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16, 1954

• Introduction

  • SECTION § 20.0-1 - Introduction.
  • SECTION § 20.0-2 - General description of tax.

• Estates of Citizens or Residents

• Tax Imposed

  • SECTION § 20.2001-1 - Valuation of adjusted taxable gifts and section 2701(d) taxable events.
  • SECTION § 20.2001-2 - Valuation of adjusted taxable gifts for purposes of determining the deceased spousal unused exclusion amount of last deceased spouse.
  • SECTION § 20.2002-1 - Liability for payment of tax.
  • SECTION § 20.2010-0 - Table of contents.
  • SECTION § 20.2010-1 - Unified credit against estate tax; in general.
  • SECTION § 20.2010-2 - Portability provisions applicable to estate of a decedent survived by a spouse.
  • SECTION § 20.2010-3 - Portability provisions applicable to the surviving spouse's estate.

• Credits Against Tax

  • SECTION § 20.2011-1 - Credit for State death taxes.
  • SECTION § 20.2011-2 - Limitation on credit if a deduction for State death taxes is allowed under section 2053(d).
  • SECTION § 20.2012-1 - Credit for gift tax.
  • SECTION § 20.2013-1 - Credit for tax on prior transfers.
  • SECTION § 20.2013-2 - “First limitation”.
  • SECTION § 20.2013-3 - “Second limitation”.
  • SECTION § 20.2013-4 - Valuation of property transferred.
  • SECTION § 20.2013-5 - “Property” and “transfer” defined.
  • SECTION § 20.2013-6 - Examples.
  • SECTION § 20.2014-1 - Credit for foreign death taxes.
  • SECTION § 20.2014-2 - “First limitation”.
  • SECTION § 20.2014-3 - “Second limitation”.
  • SECTION § 20.2014-4 - Application of credit in cases involving a death tax convention.
  • SECTION § 20.2014-5 - Proof of credit.
  • SECTION § 20.2014-6 - Period of limitations on credit.
  • SECTION § 20.2014-7 - Limitation on credit if a deduction for foreign death taxes is allowed under section 2053(d).
  • SECTION § 20.2015-1 - Credit for death taxes on remainders.
  • SECTION § 20.2016-1 - Recovery of death taxes claimed as credit.

• Gross Estate

  • SECTION § 20.2031-0 - Table of contents.
  • SECTION § 20.2031-1 - Definition of gross estate; valuation of property.
  • SECTION § 20.2031-2 - Valuation of stocks and bonds.
  • SECTION § 20.2031-3 - Valuation of interests in businesses.
  • SECTION § 20.2031-4 - Valuation of notes.
  • SECTION § 20.2031-5 - Valuation of cash on hand or on deposit.
  • SECTION § 20.2031-6 - Valuation of household and personal effects.
  • SECTION § 20.2031-7 - Valuation of annuities, interests for life or term of years, and remainder or reversionary interests.
  • SECTION § 20.2031-8 - Valuation of certain life insurance and annuity contracts; valuation of shares in an open-end investment company.
  • SECTION § 20.2031-9 - Valuation of other property.
  • SECTION § 20.2032-1 - Alternate valuation.
  • SECTION § 20.2032A-3 - Material participation requirements for valuation of certain farm and closely-held business real property.
  • SECTION § 20.2032A-4 - Method of valuing farm real property.
  • SECTION § 20.2032A-8 - Election and agreement to have certain property valued under section 2032A for estate tax purposes.
  • SECTION § 20.2033-1 - Property in which the decedent had an interest.
  • SECTION § 20.2034-1 - Dower or curtesy interests.
  • SECTION § 20.2036-1 - Transfers with retained life estate.
  • SECTION § 20.2037-1 - Transfers taking effect at death.
  • SECTION § 20.2038-1 - Revocable transfers.
  • SECTION § 20.2039-1 - Annuities.
  • SECTION § 20.2039-1T - Limitations and repeal of estate tax exclusion for qualified plans and individual retirement plans (IRAs) (temporary).
  • SECTION § 20.2039-2 - Annuities under “qualified plans” and section 403(b) annuity contracts.
  • SECTION § 20.2039-3 - Lump sum distributions under “qualified plans;” decedents dying after December 31, 1976, and before January 1, 1979.
  • SECTION § 20.2039-4 - Lump sum distributions from “qualified plans;” decedents dying after December 31, 1978.
  • SECTION § 20.2039-5 - Annuities under individual retirement plans.
  • SECTION § 20.2040-1 - Joint interests.
  • SECTION § 20.2041-1 - Powers of appointment; in general.
  • SECTION § 20.2041-2 - Powers of appointment created on or before October 21, 1942.
  • SECTION § 20.2041-3 - Powers of appointment created after October 21, 1942.
  • SECTION § 20.2042-1 - Proceeds of life insurance.
  • SECTION § 20.2043-1 - Transfers for insufficient consideration.
  • SECTION § 20.2044-1 - Certain property for which marital deduction was previously allowed.
  • SECTION § 20.2044-2 - Effective dates.
  • SECTION § 20.2045-1 - Applicability to pre-existing transfers or interests.
  • SECTION § 20.2046-1 - Disclaimed property.

• Actuarial Tables Applicable Before June 1, 2023

  • SECTION § 20.2031-7A - Valuation of annuities, interests for life or a term of years, and remainder or reversionary interests for estates of decedents for which the valuation date of the gross estate is before June 1, 2023.

• Taxable Estate

  • SECTION § 20.2056(d)-2 - Marital deduction; effect of disclaimers of post-December 31, 1976 transfers.
  • SECTION § 20.2056(d)-3 - Marital deduction; effect of disclaimers of pre-January 1, 1977 transfers.
  • SECTION § 20.2056A-0 - Table of contents.
  • SECTION § 20.2056A-1 - Restrictions on allowance of marital deduction if surviving spouse is not a United States citizen.
  • SECTION § 20.2056A-2 - Requirements for qualified domestic trust.
  • SECTION § 20.2056A-3 - QDOT election.
  • SECTION § 20.2056A-4 - Procedures for conforming marital trusts and nontrust marital transfers to the requirements of a qualified domestic trust.
  • SECTION § 20.2056A-5 - Imposition of section 2056A estate tax.
  • SECTION § 20.2056A-6 - Amount of tax.
  • SECTION § 20.2056A-7 - Allowance of prior transfer credit under section 2013.
  • SECTION § 20.2056A-8 - Special rules for joint property.
  • SECTION § 20.2056A-9 - Designated Filer.
  • SECTION § 20.2056A-10 - Surviving spouse becomes citizen after QDOT established.
  • SECTION § 20.2056A-11 - Filing requirements and payment of the section 2056A estate tax.
  • SECTION § 20.2056A-12 - Increased basis for section 2056A estate tax paid with respect to distribution from a QDOT.
  • SECTION § 20.2056A-13 - Effective dates.
  • SECTION § 20.2051-1 - Definition of taxable estate.
  • SECTION § 20.2052-1 - Exemption.
  • SECTION § 20.2053-1 - Deductions for expenses, indebtedness, and taxes; in general.
  • SECTION § 20.2053-2 - Deduction for funeral expenses.
  • SECTION § 20.2053-3 - Deduction for expenses of administering estate.
  • SECTION § 20.2053-4 - Deduction for claims against the estate.
  • SECTION § 20.2053-5 - Deductions for charitable, etc., pledges or subscriptions.
  • SECTION § 20.2053-6 - Deduction for taxes.
  • SECTION § 20.2053-7 - Deduction for unpaid mortgages.
  • SECTION § 20.2053-8 - Deduction for expenses in administering property not subject to claims.
  • SECTION § 20.2053-9 - Deduction for certain State death taxes.
  • SECTION § 20.2053-10 - Deduction for certain foreign death taxes.
  • SECTION § 20.2054-1 - Deduction for losses from casualties or theft.
  • SECTION § 20.2055-1 - Deduction for transfers for public, charitable, and religious uses; in general.
  • SECTION § 20.2055-2 - Transfers not exclusively for charitable purposes.
  • SECTION § 20.2055-3 - Effect of death taxes and administration expenses.
  • SECTION § 20.2055-4 - Disallowance of charitable, etc., deductions because of “prohibited transactions” in the case of decedents dying before January 1, 1970.
  • SECTION § 20.2055-5 - Disallowance of charitable, etc., deductions in the case of decedents dying after December 31, 1969.
  • SECTION § 20.2055-6 - Disallowance of double deduction in the case of qualified terminable interest property.
  • SECTION § 20.2056-0 - Table of contents.
  • SECTION § 20.2056(a)-1 - Marital deduction; in general.
  • SECTION § 20.2056(a)-2 - Marital deduction; “deductible interests” and “nondeductible interests”.
  • SECTION § 20.2056(b)-1 - Marital deduction; limitation in case of life estate or other “terminable interest”.
  • SECTION § 20.2056(b)-2 - Marital deduction; interest in unidentified assets.
  • SECTION § 20.2056(b)-3 - Marital deduction; interest of spouse conditioned on survival for limited period.
  • SECTION § 20.2056(b)-4 - Marital deduction; valuation of interest passing to surviving spouse.
  • SECTION § 20.2056(b)-5 - Marital deduction; life estate with power of appointment in surviving spouse.
  • SECTION § 20.2056(b)-6 - Marital deduction; life insurance or annuity payments with power of appointment in surviving spouse.
  • SECTION § 20.2056(b)-7 - Election with respect to life estate for surviving spouse.
  • SECTION § 20.2056(b)-8 - Special rule for charitable remainder trusts.
  • SECTION § 20.2056(b)-9 - Denial of double deduction.
  • SECTION § 20.2056(b)-10 - Effective dates.
  • SECTION § 20.2056(c)-1 - Marital deduction; definition of “passed from the decedent.”
  • SECTION § 20.2056(c)-2 - Marital deduction; definition of “passed from the decedent to his surviving spouse.”
  • SECTION § 20.2056(c)-3 - Marital deduction; definition of “passed from the decedent to a person other than his surviving spouse”.
  • SECTION § 20.2056(d)-1 - Marital deduction; special rules for marital deduction if surviving spouse is not a United States citizen.

• Estates of Nonresidents Not Citizens

  • SECTION § 20.2101-1 - Estates of nonresidents not citizens; tax imposed.
  • SECTION § 20.2102-1 - Estates of nonresidents not citizens; credits against tax.
  • SECTION § 20.2103-1 - Estates of nonresidents not citizens; “entire gross estate”.
  • SECTION § 20.2104-1 - Estates of nonresidents not citizens; property within the United States.
  • SECTION § 20.2105-1 - Estates of nonresidents not citizens; property without the United States.
  • SECTION § 20.2106-1 - Estates of nonresidents not citizens; taxable estate; deductions in general.
  • SECTION § 20.2106-2 - Estates of nonresidents not citizens; deductions for expenses, losses, etc.
  • SECTION § 20.2107-1 - Expatriation to avoid tax.

• Miscellaneous

  • SECTION § 20.2202-1 - Missionaries in foreign service.
  • SECTION § 20.2203-1 - Definition of executor.
  • SECTION § 20.2204-1 - Discharge of executor from personal liability.
  • SECTION § 20.2204-2 - Discharge of fiduciary other than executor from personal liability.
  • SECTION § 20.2204-3 - Special rules for estates of decedents dying after December 31, 1976; special lien under section 6324A.
  • SECTION § 20.2205-1 - Reimbursement out of estate.
  • SECTION § 20.2206-1 - Liability of life insurance beneficiaries.
  • SECTION § 20.2207-1 - Liability of recipient of property over which decedent had power of appointment.
  • SECTION § 20.2207A-1 - Right of recovery of estate taxes in the case of certain marital deduction property.
  • SECTION § 20.2207A-2 - Effective date.
  • SECTION § 20.2208-1 - Certain residents of possessions considered citizens of the United States.
  • SECTION § 20.2209-1 - Certain residents of possessions considered nonresidents not citizens of the United States.

• Procedure and Administration

  • SECTION § 20.6001-1 - Persons required to keep records and render statements.
  • SECTION § 20.6011-1 - General requirement of return, statement, or list.
  • SECTION § 20.6011-4 - Requirement of statement disclosing participation in certain transactions by taxpayers.
  • SECTION § 20.6018-1 - Returns.
  • SECTION § 20.6018-2 - Returns; person required to file return.
  • SECTION § 20.6018-3 - Returns; contents of returns.
  • SECTION § 20.6018-4 - Returns; documents to accompany the return.
  • SECTION § 20.6036-1 - Notice of qualification as executor of estate of decedent dying before 1971.
  • SECTION § 20.6036-2 -
  • SECTION § 20.6060-1 - Reporting requirements for tax return preparers.
  • SECTION § 20.6061-1 - Signing of returns and other documents.
  • SECTION § 20.6065-1 - Verification of returns.
  • SECTION § 20.6071-1 - Time for filing preliminary notice required by § 20.6036-1.
  • SECTION § 20.6075-1 - Returns; time for filing estate tax return.
  • SECTION § 20.6081-1 - Extension of time for filing the return.
  • SECTION § 20.6091-1 - Place for filing returns or other documents.
  • SECTION § 20.6091-2 - Exceptional cases.
  • SECTION § 20.6107-1 - Tax return preparer must furnish copy of return to taxpayer and must retain a copy or record.
  • SECTION § 20.6109-1 - Tax return preparers furnishing identifying numbers for returns or claims for refund.
  • SECTION § 20.6151-1 - Time and place for paying tax shown on the return.
  • SECTION § 20.6161-1 - Extension of time for paying tax shown on the return.
  • SECTION § 20.6161-2 - Extension of time for paying deficiency in tax.
  • SECTION § 20.6163-1 - Extension of time for payment of estate tax on value of reversionary or remainder interest in property.
  • SECTION § 20.6165-1 - Bonds where time to pay tax or deficiency has been extended.
  • SECTION § 20.6166-1 - Election of alternate extension of time for payment of estate tax where estate consists largely of interest in closely held business.
  • SECTION § 20.6166A-1 - Extension of time for payment of estate tax where estate consists largely of interest in closely held business.
  • SECTION § 20.6166A-2 - Definition of an interest in a closely held business.
  • SECTION § 20.6166A-3 - Acceleration of payment.
  • SECTION § 20.6166A-4 - Special rules applicable where due date of return was before September 3, 1958.
  • SECTION § 20.6302-1 - Voluntary payments of estate taxes by electronic funds transfer.
  • SECTION § 20.6314-1 - Duplicate receipts for payment of estate taxes.
  • SECTION § 20.6321 - Statutory provisions; lien for taxes.
  • SECTION § 20.6321-1 - Lien for taxes.
  • SECTION § 20.6323-1 - Validity and priority against certain persons.
  • SECTION § 20.6324-1 - Special lien for estate tax.
  • SECTION § 20.6324A-1 - Special lien for estate tax deferred under section 6166 or 6166A.
  • SECTION § 20.6324B-1 - Special lien for additional estate tax attributable to farm, etc., valuation.
  • SECTION § 20.6325-1 - Release of lien or partial discharge of property; transfer certificates in nonresident estates.
  • SECTION § 20.6601-1 - Interest on underpayment, nonpayment, or extensions of time for payment, of tax.
  • SECTION § 20.6694-1 - Section 6694 penalties applicable to tax return preparer.
  • SECTION § 20.6694-2 - Penalties for understatement due to an unreasonable position.
  • SECTION § 20.6694-3 - Penalty for understatement due to willful, reckless, or intentional conduct.
  • SECTION § 20.6694-4 - Extension of period of collection when preparer pays 15 percent of a penalty for understatement of taxpayer's liability and certain other procedural matters.
  • SECTION § 20.6695-1 - Other assessable penalties with respect to the preparation of tax returns for other persons.
  • SECTION § 20.6696-1 - Claims for credit or refund by tax return preparers or appraisers.
  • SECTION § 20.6905-1 - Discharge of executor from personal liability for decedent's income and gift taxes.
  • SECTION § 20.7101-1 - Form of bonds.

• General Actuarial Valuations

  • SECTION § 20.7520-1 - Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests.
  • SECTION § 20.7520-2 - Valuation of charitable interests.
  • SECTION § 20.7520-3 - Limitation on the application of section 7520.
  • SECTION § 20.7520-4 - Transitional rules.
  • SECTION § 20.7701-1 - Tax return preparer.
  • SECTION § 20.7701-2 - Definitions; spouse, husband and wife, husband, wife, marriage.