Green Corporation is incorporated on March 1 and begins business on June 1. Green's first tax year ends on October 31, i. e., a short year. Green incurs the following expenses during the year: Month Type Amount February March March April December Draft charter Stock commission Accounting fees to set up books Temporary director fees Charter modification fee $ 2,000 30,000 2,000 2,000 1,000 What is the deduction for organizational expenses if Green chooses to deduct its costs as soon as possible? A. $500 B. $36,000 C. $5,028 D. $667

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?