With reference to the estate tax, gift tax, and generation skipping transfer taxes, if a recipient makes a qualified disclaimer with respect to any interest in property within the estate of decedent or donor, the property will be treated as if it had never been transferred to the recipient. An example of when this might [...]
Archive of posts filed under the Accounting category.
Why Finance and Accounting Think Differently
Both accountants and financiers are interested in firm value. But the principal difference between them is that the accountants try to approximate changes in the current value of the firm, while the latter try to understand the exact timing of hard cash inflows and outflows over the entire future. The former want to learn about [...]