how to properly handle estate tax on savings bonds?
Thursday, March 15th, 2007paul s asked: the bonds will cash at about $200000 premium. should the estate treat the premium as value added after the death, making it taxable to the heirs; or treat the premium as being present in the asset at the time of death, making it taxable to the estate?
I am aware that taxes [...]
Estate tax?
Wednesday, March 7th, 2007sidekick puppet asked: I will be inheriting my parents home one day. They have no mortgage and the house is valued at less than $200K.
They also own rental property - a four plex of townhomes.
Will I have to pay taxes at the time of inheritance or will the tax kick in when the [...]
Can I still set up a trust for my dad’s estate tax credit?
Wednesday, March 7th, 2007Father Knows Best asked: My dad died over a year ago and the trust document my parents wrote says at his death, a trust is to be set up for his estate tax credit amount. My mom recently died and the trust never got completed. Can I still finish it before I continue [...]
Should I report changes that would change my real estate tax bill?
Friday, March 2nd, 2007mckgolfman m asked: If I have an exemption on my real estate taxes that I am really not entitled to, should I let the county know? What possible penalty is there for not reporting?Dallas Barkhurst
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