Archive for June, 2009

What’s San Antonio,TX Real Estate property tax?

Tuesday, June 30th, 2009

snazzydogwear asked: We are planning on moving to San Antonio,TX and I have looked all over trying to figure out what’t San Antonio Real Estate property taxe rate. I would appreciate if someone who knows would inform me. Thanks.Elana Bibles

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Do you pay estate taxes for the deceased plus federal taxes on what the beneficieciers get as regular income?

Tuesday, June 30th, 2009

lisarobi11 asked: If someone dies and you pay the estate tax to the state on their assets at time of death (say 4%), do the heirs then also pay a federal tax on the amount that they get distributed from the balance of the estate?Charley Smaldone

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What is the estate tax?

Sunday, June 28th, 2009

george_a_lutz asked: Is it correct to say that the estate tax on estates over $1million and under $2 million is 1.6%?
My source is this: http://en.wikipedia.org/wiki/Estate_tax_in_the_United_States
Looks like the max estate tax is now 23%.
My only confusion is regarding the Tentative Tax discussed in this same article in which the rates are much heavier. I [...]

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Real estate Tax: What’s the diff between Joint Tenancy & Community Property with right of survivorship?

Sunday, June 28th, 2009

John F asked: I have been told that community property with right of survivorship is better for the survivor. I need your help. I don’t know it’s right or not. Thanks.Vincenzo Delorenzo

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what is a real estate tax stamp? I live in New York state?

Saturday, June 27th, 2009

irisheyes516 asked: I am refianancing my mortgage, combining 2 loans and was told today I need to have $2500 at closing because of these tax stamps.Jc Sittner

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Can you fund an irrevocable trust with an inheritance, after estate tax paid, w/out incurring gift/other tax?

Friday, June 26th, 2009

John M asked: Here’s the situation…
Father of two children (me and another) will be getting an inheritance. I am not concerned with the actual inheritance tax with this question.
We would like to set up two irrevocable trusts for myself and my brother with the money. We would like to put the money in [...]

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Why are there are so many tax benefits for people who invest in real estate and entrepreneurship?

Friday, June 26th, 2009

Lala asked: Why are there are so many tax benefits for people who invest in real estate and entrepreneurship and so few benefits for corporate employees?
In the United StatesDanielle Sanford

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What is a tax sale for real estate?

Friday, June 26th, 2009

deez0477 asked: What does it mean if it says your house taxes are sold at a tax sale, or paid by tax sale? I have a friend renting a house and they looked up the public records and that is what it says for the taxes. Does this mean the owner of the [...]

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What are the real estate capital gains tax rates for short-term investment (rental) properties?

Tuesday, June 23rd, 2009

Michelle M asked: I have purchased a foreclosed property and I am not sure I’ll be keeping it long-term. I may decide to sell it immediately upon fixing it up, or within 18-24 months. It is a SFR, I will not be living in it. I realize I can do a 1031 [...]

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Estate tax rates in New york?

Sunday, June 21st, 2009

double R asked: I inherited my fathers estate last year and I am trying to find out what is the exact tax rate in New York? I know they will tax after $1 million and the feds charge after 2 mil but some of the rates I am getting don’t sound right. Anybody know? [...]

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