Estate Tax-Federal Estate Tax

Astro asked:


I pay roughly $3000 per year on my real estate taxes.
If the 2006 assessment is 14,863,does it mean that I now pay 14.683?

Bud Giallorenzo

curious asked:


Can anyone provide me with an official link to Pierce or King County web pages that provide info and dates on their real estate tax lien auctions?

I went to each county’s web page but could not find anything…

Jonathan Tsukamoto

darcy5748 asked:


My friend is going to jointly own a property with his sister. They’re both very close to each other and want to arrange the most mutually beneficial financial situation.

The brother makes a lot of income but will not be living in the residence. The sister makes very little but it will be her primary residence. The problem is two-fold: 1) maximizing yearly tax deductions between the two while 2) minimizing total capital tax gains when the house is sold.

Is there a type of house ownership that would allow 1) the brother to be able to pay for and assume 100% of the property tax for his yearly tax deductions while 2) the brother pays minimal capital tax gains when they sell the house?

He is in a bad situation where he HAS to work out of state so it will be secondary residence for him.

In other words, how can they arrange it so that the brother owns enough to assume 100% of tax benefits, but as little as possible to minimize the amount of tax caused when they sell the house?

Tish Bodo

John asked:


It’s my understanding that estate tax may have been repealed for the 2010 year in the United States. Is this so or is the estate/inheritance tax still in effect. Please provide specific documentation (i.e. IRS info, etc.). I can’t seem to find a definitive answer.

Clint Whitcome