Estate Tax-Federal Estate Tax

Tommy asked:


I know that the house passed a full repeal of the estate tax, and that the senate was 3 votes short. They watered it down to a repeal up to a limit but then the rest was taxed at the capital gains rate or something like that, along with a miniumum wage hike, and it still failed by 3 votes. Will the senate take it up again or is it likely to be fully repealed in 2010 and then come back in full force the next year?

Bong Schmertz

andychou asked:


My parents and I are all US Citizens but we maintain dual citizenship in another country. They have a foreign account from which they would like to gift me a large sum of money in order to purchase a home. This money was never earned in the US. Are they liable for the gift/estate tax or is the only thing I have to file would be the IRS 3520 form come tax day? I know that if they were foreigners, that would be the case but I wonder about dual citizenships. It seems like a grey area.

Maxie Mastriano

andersonorganization asked:


I’ve heard tax liens can yield 16% py? Does anyone know how to get started in this investment vehicle? Do I have to go down to my city hall and find real estate records?

Is this something only an accredited investor can invest in?

Any information would be helpful.

Michael Jordan

hubbabubba MAX asked:


How would an estate tax benefit the worlds richest men? I don’t get it…

Alia Jach

programmer_va asked:


I heard someone talk about it. I don’t know if it’s just in Virginia or what. I think it’s called grand key or grand tour or something like that. Does anyone know about it or where I could find more information? Thanks!

Denis Tinkey