Estate Tax-Federal Estate Tax

Nyltak asked:


What is the largest source of tax revenue for state government? 1. real estate tax. 2. sales tax. 3. license fees. 4. entertainment tax.

Giuseppe Fleetwood

Kaloni Brincefield asked:


Do I pay a tax if I receive 10,000.00 from a will or does the estate pay the taxes? If so, how much is the tax rate for federal and state?

Ima Hardister

rapscallion asked:


this in new york state. He is unmarried and no childred. He has only two living siblings and those siblings have three kids total

Darrin Burnie

Emily1890 asked:


serious answwers only please

Marquetta Denk

K A asked:


Here’s the deal:

My grandpa is aging and I’m concerned about his estate and the effect of estate taxes in the event of his passing. My grandpa is long-retired and has only enough in cash to live out the rest of retirement. Inheritance-wise, his house is all that will be passed on to be distributed between 3 siblings. However, the house that will be passed on is a large estate worth in excess of $12 million. Is there any strategy that could be pursued that would avoid having to liquidate the estate postmortem in order to pay the estate taxes? As a side note, none of the siblings receiving the inheritance have sufficient cash to pay what I’ve estimated to be millions in estate taxes. Can payments of the tax be extended over a longer period of time to make them manageable for the siblings? Are there any other possibilities?

Thanks for your help.

Ben Rentas

planet_guru asked:


Say your aunt molly dies, her estate is valued and the IHT is paid. If you receive say £1000 from what’s left of that estate, are you then obliged to pay income tax, or capital gains on that sum?

Suzanna Dadson

Emily asked:


pleaseee help mee! i need to know what an estate tax is and a situation involving an estate tax.

Rolland Feild

irisheyes516 asked:


I am refianancing my mortgage, combining 2 loans and was told today I need to have $2500 at closing because of these tax stamps.

Jc Sittner

double R asked:


I inherited my fathers estate last year and I am trying to find out what is the exact tax rate in New York? I know they will tax after $1 million and the feds charge after 2 mil but some of the rates I am getting don’t sound right. Anybody know? Also I need to know where to find this.

Morgan Imdieke

Willis W asked:


Interested in the exemption, if any, and tax rate of remainder of estate when someone dies.

Val Pardo