(3) If deductible by the beneficiary, when is a cash basis beneficiary entitled to a deduction for interest expense? (4) What is the income tax effect to beneficiaries who receive dis tributions from the estate where the testator has designated that such distribution is to pass free of inheritance taxes? Decision: (1) An estate may not deduct interest on inheritance taxes, as such obligation is ultimately that of the beneficiary. (2) Interest on inheritance taxes is deductible by the beneficiary subject to the tax. Accrual basis taxpayers may deduct when all events have transpired to fix the liability.
(Franz) Joseph Haydn, composer of the Classical Era-Born - 1732 in Rohrau, Austria Died-May, 1809 in Vienna, Austria Major works include - 15 surviving Operas, 104 Symphonies, Violin and keyboard concertos, Chamber music and songs, 12 Masses.
Anonymous portrait of the child Mozart, possibly by Pietro Antonio Lorenzoni; painted in 1763 on commission from Leopold Mozart. Wolfgang Amadeus Mozart was born on 27 January 1756 to Leopold Mozart (1719â1787) and Anna Maria, nÃ©e Pertl (1720â1778), at 9 Getreidegasse in Salzburg. This was the capital of the Archbishopric of Salzburg, an ecclesiastic principality in what is now Austria, then part of the Holy Roman Empire.