Archive for July, 2009

Estate tax in New York question?

Friday, July 31st, 2009

btwitkin asked: I am so confused by this one thing.
My mother passed away a couple of weeks ago. She had 1.3M in regular accounts and another 230K in retirement accounts. So everything all together is about 1.5M
I know there is no inheritance tax and no federal inheritance ot estate tax (it is under 3.5M), but [...]

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saipan capital gain tax for real estate property on aligns?

Wednesday, July 29th, 2009

ycl asked: Where can I find tax related laws and regulation for Saipan?Is there any tax for align to invest in real estate properties in Saipan? Is it true that only native Saipan people may obtain real estate ownership?Gennie Lanfear

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What is the better tax decision on rental real estate property?

Thursday, July 23rd, 2009

Ej asked: Last year I was able to tax a $9,000 tax deduction for interest, principle, and insurance on my taxes and received a decent tax credit. I am renting my property out and will incure a loss of about $250 per month and a depreciation amount of $400 per month for a total [...]

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Does anyone know what web address I should go to if I’m looking for tax forclosed real estate?

Saturday, July 18th, 2009

Libs should car pool with Ted K asked: I’ve typed it into numerous search engines and ended up with a bunch of reality sites and scam sites.
I’m looking to buy a single family home & i’m looking for a web site that is solely controlled by the government to find one.
Thank you. best answer [...]

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Gift Tax (Referring to my previous ? on estate & Inheritance Tax)?

Sunday, July 5th, 2009

bibi asked: Refering to my previous subject “Estate tax and inheritance tax”, with all my online research and double confirm from one of the answerers. If my father’s total net asset is less than 1 million (With the tax exempt limit of 2 million as per 2006), there is NO Estate tax and Inheritance tax. [...]

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