Estate Tax-Federal Estate Tax

rotkark asked:


I bought a new house in 2008. Where can I find the amount of real estate taxes that I must have paid on settlement to seller or to the bank for which I can get a tax deduction?

Alexander Fry

Pitchow! asked:


Cutting the Estate Tax, or as some are calling it, the Paris Hilton Tax, would give the richest Americans a trillion dollars in tax breaks, meaning the rest of us would be a trillion dollars poorer.

Former Exxon CEO Lee Raymond (who just got a $400 million dollar retirement package) will save $164 million.

President Bush will personally save up to $6 million.

Vice President Cheney will save up to $60.7 million.

Brooke

digileet asked:


My father died and the government is knocking at my door?
I mean will I go to jail or something, will I owe the government?
Liquidated meaning sold?

Emily Krzyston

reanne0324 asked:


Anyone knows the formula?

Soon Altenhofen

Carol E asked:


I own 3 rental properties and want to know if the tax laws have changed in 2008 for depreciation and what I can and can not deduct. It seems like it gets more complicated every year.

Morgan Kawulok