A bill becomes law if signed by the President or if not signed within 10 days and Congress is in session. If Congress adjourns before the 10 days and the President has not signed the bill then it does not become law (Pocket Veto.)
Amounts paid. or reasonably expected to be paid during estate administration are deductible on Form 706; or, executor can elect to. claim some administration expenses on Form 1041 when paid. On Form 1041, expense is subject to 2% adjusted gross.
To determine the amount of your taxable estate, you may deduct any of the following from your Gross Estate: 1  Marital Deduction: This is one of the most popular ways to avoid the Estate Tax. 2  Charitable Deduction: You will owe no tax on any money or the value of any property left to a qualified charity.