Estate Tax-Federal Estate Tax

Billy Cunningham asked:


or is it jsut for own or two years lkike the rest?

Also, does it only affect estates over 5,000,000

Bob Bobson

Alex J asked:


If I buy new condo in Brooklyn, New York (zip code 11235) for $500,000 what would be my annual real estate tax? Condo is brand new so it has 15 years tax abatement, questions is how much will i pay annually once the 15 years tax abatement runs out?

Valrie Zellman

Tay asked:


What committee in the house or senate is responsible for making estate tax decisions in the US Federal government? Also, what committee is responsible for making estate tax decision in the CA government? If anyone knows the answer to these questions, please explain how they know and where I can access further information. Thank you.

Lucio Lebouef

Colonel Jack Fessender (Ret.) asked:


FACT.

Shasta Hutnak

T T asked:


I am the executor and sole beneficiary of an estate. The estate consists of a few bank accounts totaling about $40,000 and a home (Paid off) worth about $130,000. I also will receive about $200000 via CD’s ( 1 @ $100000 and 2 @ $50000 ea) they list me as payee on death.

People keep telling me there are no estate taxes etc, but i keep reading about some federal estate tax??

Will someone please tell me am i gonna have to pay taxes on this money or not? BTW i am not related to the person who left me the estate.

Jan Lamson

DK asked:


My Mother passed away recently and it comes to me through survivorship, the IRS had a lien on the house for back taxes owed? There is no money in the estate, can I get the lien removed?

Herb Brasfield

Jeff Lebowski Communist asked:


Personally, I can’t fathom being that ideologically driven.

What does a republican say to his children when they are foreclosed on?

OK Kids. We are moving to a homeless shelter. Pick only one toy to bring and what you can carry on your backs. We may be homeless but 1.7% of Estates in this country will receive more favorable treatment on their inheritence because of your sacrifice.

I don’t mean to insult but this strikes me as completely nugging futs insane.

Susan

Marc R asked:


The situation is a bit complicated. My business associate is European. I am American. We both have about 500 000 Euros to invest in real estate and wish to purchase in the USA. Will we be taxed on money that we transfer into the USA to purchase real estate ?

Trent Cartier

John Doe asked:


Is that fair?

If you really think peoples estates should be taxed why should the rate be higher than the highest income tax rate?

Why should the federal government get a bigger cut than your own family?

http://www.forbes.com/2010/08/16/estate-tax-oil-carried-interest-business-washington-tax-hikes.html

Iris: “poor slobs” do not pay 35% that is the highest tax rate there is.
Chris Black: You and I both know you made up those tax rates….

Toni Jenkins

Jason asked:


The IRS is coming after me for estate taxes on my mother’s estate from 4 years ago. They say I have $20,000 in IRS tax debt. I have no way of paying this tax debt to the IRS. What do I need to do to settle this estate tax debt to the IRS? Are there any companies that specialize in handing estate tax debt cases?

Lesli Workman