Archive for August, 2009

Real Estate Taxes - TAX SALE - What is it?

Monday, August 31st, 2009

im2363 asked: A friend of mine has paid real estate taxes religiously and ontime on his house for years via escrow, until this year, when he ran on hard times. The last date for payment and interest due for this year is fast approaching, and they mentioned that if it’s not received by that [...]

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If a US person inherits real estate and cash abroad from a foreigner, is US estate or income tax owed?

Thursday, August 27th, 2009

SD D asked: Say a US citizen inherits real estate and cash in a foreign country from a foreign parent. Does the US citizen have to pay US taxes on the inheritance? Does bringing the cash into the US incur a tax burden?Tara

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1041 NYS estate tax return?

Tuesday, August 25th, 2009

KylaleaT asked: Hi there, I have to file my late mom’s estate tax return - it’s small. She died in May - do I prorate the standard deduction to May22, or do I take whole amount? TIA!Leon Jelden

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Does an administrator of an estate have to give the court a copy of all income tax paperwork?

Tuesday, August 25th, 2009

HopAlongCassidy asked: My mother died in 2000 and the administrator of the estate has never put income tax paperwork that he filed into her probate court file. Is this necessary. Also, he claims he made an aggressive stand on her taxes a year ago and he thinks there will be an audit on [...]

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Is there a tax for purchasing real estate in florida?

Sunday, August 23rd, 2009

cant_miss_00 asked: I am purchasing a condo in Florida. Is there a tax the buyer must pay that is a percentage of the total or borrowed cost? I heard there is something called a stamp?Gerard Zeinert

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Is real estate commission tax deductable?

Friday, August 21st, 2009

Jennifer R asked: Thanks…. thats exactly what I needed to know. Capital gains issue! That helps curb the hitClement Vandestreek

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My question has to do with money received from an estate. How is this money taxed?

Wednesday, August 19th, 2009

followtheson asked: Is money from an estate taxed first with an inheritance tax and then also taxed on each individuals 1040 form as additional income? I keep hearing about a 35% tax rate…..that is absurd!! What is that all about?Annabelle Hutchingson

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what is an example of an estate tax? what is a situation involving estate tax?

Tuesday, August 18th, 2009

Emily asked: pleaseee help mee! i need to know what an estate tax is and a situation involving an estate tax.Rolland Feild

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Were can I find Coles County Illinois real estate tax prices?

Monday, August 17th, 2009

bubba asked: I need to find the price of real estate taxes on a certain house in charleston Illinois 61920.Eleonora Farlow

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How will the new real estate tax law affect my tax deduction if I rent out my primary home for 1 year?

Tuesday, August 11th, 2009

hchen asked: I bought a house in Feb 2009, moved into it for 4 months. Now I’m planning to rent it out for a year. After that, I’ll move back in. After 2 years, if I sell it and make a profit, how will the 1 year rental affect my tax deduction?Ka Aragoni

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