Examlex
MIS can be defined as the
Personal Exemption
A specific amount that taxpayers could previously subtract from their gross income for themselves and each of their dependents. Note: As of my last update, changes in tax law may have affected this term.
Estate Income Tax
A tax imposed on the income generated by an estate during the period of administration.
Administering Estate
The process of managing and settling the affairs of a deceased person's estate, including distributing assets according to the will or law.
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