Estate Tax-Federal Estate Tax

Sherri S asked:


Does anyone know the Florida real estate laws regarding giving a house as a gift? Can it be done? If so, what are the tax penalties?

My parents own the house that I currently live in. If they wanted to give the house to me as a gift can that be done legally if the house is paid for?

Thanks!
Thank You

the house was purchased in 2005 for $148K. It is probably worth less now because of a serious drop in the local market.

Johanne Collister

End The Fed!!! asked:


http://www.newsmax.com/headlines/estate_tax/2009/01/12/170363.html?s=al&promo_code=777A-1

Nothing like having the government come and steal the wallet out of the back pocket of the deceased as they are lying in the casket.

Keep that change coming Obama and Dems… America’s loving it.
truthistru – Yes. Now do you care to elaborate on WHY you think the unethical Estate Tax is such a good thing? And WHO is it good for?

Jamie Winebrenner

bestaccountant asked:


Deed is in name of son and mother; mother is now deceased, and she had retained a life estate in the property when she transferred it to son 10 years ago

Rosario Olevera

Reserved asked:


the legalization and taxing of marijuana, and with all the money we could get from the churches, this would be sure to cut the national deficit in halft at least within the next 2 years.

Anyone have any suggestions how to get this to Congress?

Cordell Tannehill

snooookums asked:


dividend tax

I live off dividends as my income, if he taxes that high I won’t be able to afford to live like I do now. If he increases real estate taxes, I can barely afford what I pay now. If he taxes my retirement savings per se, it will reduce them and I won’t be able to make it through retirement.

Why is Obama such a monster? He’s twisting the truth when he says he’ll only tax the rich, I’m not rich, but his taxes will destroy my finances.

Didn’t Wright/Pflegler say that whites should give up their 401Ks for reparations, is that what this retirement account taxation really is, just the start of that?

http://www.blogatroid.com/taxes2008.htm

http://209.85.141.104/search?q=cache:U3x7i7oHBBMJ:209.157.64.200/focus/f-news/2023327/posts+pfleger+tax+white%27s+401K+for+reparations&hl=en&ct=clnk&cd=2&gl=us

http://www.freerepublic.com/focus/f-news/2023239/posts

Hilma Chewning

Paul H asked:


My mother died in July 2009. Her estate was valued at $3,216,000… which includes the $1,000,000 she gifted to me and my brother in 2007. Does her estate owe any Federal Estate Tax? I assume it doesn’t because the federal tax exemption for 2009 was $3,500,000. Any help would be greatly appreciated.

Dirk Trappey

gerbear asked:


Mother passed away in 2009, left her house in a trust (a small estate).
The trust consists of three surviving children
One of them, my sister, lived in the house in 2009 and paid the real estate taxes.
Is she able to deduct the real estate tax on her 2009 return?

Carey Swygert

Lynh asked:


My landlord has started charging us real estate and property tax without any notice. It just showed up on our statement.
There is nothing in the lease about property or real estate tax. It suddenly showed up on our statement. I asked neighbors and they didn’t seem to care. Plus, isn’t property/real estate tax for when you OWN something?

Oma Pinkerton

Scotty asked:


I would appreciate a statute if possible, thanks

Annie

Jen asked:


Someone asked me what it was, so now I’m curious.

Tanner Goldhorn