Estate Tax-Federal Estate Tax

Dragica asked: I live in NC and my parents’ estate (who lived in NY) is valued at a little over a million. How much estate taxes could I be hit with?
Thanks for any help.
I’m sorry - I should have added that the date of death was November of 2006. We had a lawyer [...]

WOW asked: i want to be an attorney that handles tax ad estat planning. how long do I have to go to school, what are major challenges, income, job outlook, work-life balance. I am 24 and have my degree in business adm…advice is neededJuliet Busman

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niupt2k asked: I have moved between 2 locations within 2 years of purchasing a home at the first location. I am aware that in order to avoid capital gains on the profit of the first home, my workplace has to be >50 miles from the previous workplace in order to qualify for the “safe [...]

kak asked: I purchased vacant land 2 years ago and plan to sell it within the next few months. I haven’t used it for any purpose the last 2 years, so I’m assuming it’s considered investment property. Originally I had planned to build on the land, but now that I’m moving to a different city [...]

tswy2k2 asked: The property in question is a 2 family house in New Jersey and it will be transferred from 1 individual to 2.Bret Southam

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Adfadf A asked: This is a hypothetical question about real estate and housing: If a family owns a house worth $1 million (mortage fully paid), and the primary owner (the parents of the family) pass away, what happens to the transfer of ownership (via inheritance) to the house? I heard there is a 50% [...]

Yahoo Asker asked: The estate tax is:
a.applied as a percentage of the total gross estate.
b.based on the dollar value of liabilities at death.
c.phased out for individuals with an estate of $3 million or
more.
d.equal to a percentage of the taxable estate less the estate tax
[...]

ridikuloz asked: I own a real estate corporation, if I filed company returns should I file individual income returns?
It’s a real estate brokerage then later changed into a corporation.Chad Edison

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spencer_jones asked: Typically cents on the 100s - specifically in Jacksonville areaHans Tanenbaum

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Stephan H asked: You all do know that the average american has $ 20,000 of credit card debt and add expenses for ones death and your looking at closer to $ 100,000….. So really who does this tax affect???????????
O YEA BILLIONAIRES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Livia Dewaratanawan

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