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.
Estate and Trust Administration For Dummies, 2nd Edition. No matter which tax return youâre preparing (the decedentâs personal return or one for an estate or trust), you have to calculate the tax after you figure out the income and the deductions. If youâre working on the decedentâs return, you arrive at your tax liability exactly the same way as you would your own.