Archive for June, 2010
June 20th, 2010 | 
Author: 
Lilly45 asked:
I tried looking this up myself – but I am so confused. Suppose (in California) – there is a house ($700,000) and a car ($6,000). How much taxes would have to be paid by the heirs?? What is the million dollar exemption – I heard of?? Please advise – thanks ?
Hannah Dunning
I tried looking this up myself – but I am so confused. Suppose (in California) – there is a house ($700,000) and a car ($6,000). How much taxes would have to be paid by the heirs?? What is the million dollar exemption – I heard of?? Please advise – thanks ?
Hannah Dunning
Megan asked:
How much of an estate can the inheritor disclaim percentage wise?
How much of an estate can the inheritor disclaim percentage wise?
what happends to the disclaimer money for the recipients?
Doyle Banis
amy g asked:
My grandmother recently passed away leaving her house to my cousin. He has no job and no way of taking care of this house. The taxes on the property have not been payed in 7 years. There is no lien against the house, so what is it that I have been hearing about tax sales. If I pay these back due taxes, do I have ownership to the home? Or what other rights will it give me?
Daisey Weisgerber
My grandmother recently passed away leaving her house to my cousin. He has no job and no way of taking care of this house. The taxes on the property have not been payed in 7 years. There is no lien against the house, so what is it that I have been hearing about tax sales. If I pay these back due taxes, do I have ownership to the home? Or what other rights will it give me?
Daisey Weisgerber
wwwwwwwwwww asked:
Obama and Hillary both want a 50% estate tax…does that mean half of my estate would go to taxes? If I put my kids on my deed, wouldn’t they just already own it? Do you have to notify anyone to put their names on the house?
What about monetary assets, do those pass to them if their names are jointly on the accounts? How does this work?
Obama and Hillary both want a 50% estate tax…does that mean half of my estate would go to taxes? If I put my kids on my deed, wouldn’t they just already own it? Do you have to notify anyone to put their names on the house?
What about monetary assets, do those pass to them if their names are jointly on the accounts? How does this work?
I do not think a 50% estate tax is fair, especially since I have a handicapped child.
http://www.blogatroid.com/taxes2008.htm
Tijuana Villasana
Boring Person asked:
Hell why doesn’t he just come and seize your underwear and silverware while he’s at it?
Hell why doesn’t he just come and seize your underwear and silverware while he’s at it?
What’d be the point of working hard when he wants to tax until “income equalization”?
This dumb Marxist needs to pick up a few history books: IT DOESN’T WORK
Isaac Detz
jo f asked:
With Estate Taxes, if the cutoff is 1 million , is everything in the estate tax at 55% or just the portion that is over the 1 million ?
With Estate Taxes, if the cutoff is 1 million , is everything in the estate tax at 55% or just the portion that is over the 1 million ?
My father passed away this year
I know there is no estate tax this year, unless its retroactive, but trying to understand it
and do some planning.
thanks much
Tillie Gogerty
sebrofs asked:
Do you have to report the scheduled distribution of final inheritance distribution to the beneficiaries from the estate on the form 1041 as a distribution ?
Edyth Mcgohan
Do you have to report the scheduled distribution of final inheritance distribution to the beneficiaries from the estate on the form 1041 as a distribution ?
Edyth Mcgohan
iLoveDutch asked:
Our state is raising death tax to 38% , and need info on what to do if one of us dies and if they can tax our home, or make you pay death tax from the value of what the persons worth was when he/she died?
Josue Cristobal
Our state is raising death tax to 38% , and need info on what to do if one of us dies and if they can tax our home, or make you pay death tax from the value of what the persons worth was when he/she died?
Josue Cristobal
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.
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?
Bernard Myung
Posted in Religion & Spirituality | 
Tags: Legalization Marijuana, Money, Real Estate | 
16 Comments »
JG asked:
I just bought a house in August. And was filing my 2009 taxes and was wondering if I was able to claim my real estate taxes (property taxes, winter and summer) that were paid by me from the closing costs.
I just bought a house in August. And was filing my 2009 taxes and was wondering if I was able to claim my real estate taxes (property taxes, winter and summer) that were paid by me from the closing costs.
http://www.irs.gov/pub/irs-pdf/p530.pdf
According to this I can, but this is for 2008 returns.
Carole Buczynski