Inheritance Tax Rates & Exemptions Advice
Estate Taxes Guide - Inheritance Tax Laws
The Federal Estate Tax or FET, for short, has been around for literally 100 years. Misinformation has spread rampantly about this tax, mostly by those who call for its repeal; the owners of large estates, you know, the wealthy. They give it the name "Death Tax" and the plebeians begin singing of its horrors in the streets.
Finding the right tax professional who is able to find you every deduction, credit, and write-offs can oftentimes seem like an impossible task, but it doesn't have to be.
Not long ago, a small headline blipped onto the news radar. It said that Credit Karma (A popular free credit score company) had just bought out an online tax preparer, and would begin to offer absolutely free tax filing to anyone interested in their new services.
While the federal tax rates are the same for all fifty states, the various states are left to determine what their state income tax rate should be and those numbers are all over the map.
If you receive a 1099-MISC tax form, these guide is for you. Independent contractors, small business owners, and otherwise self-employed folks, use these 5 straightforward steps to fully take care of your tax filing and payment obligations.
Unless you live in Delaware, Montana, Oregon, or New Hampshire, you are well aware of exactly what your state (and/or local) sales tax is. Makes sense; you've had to pay it on almost every single item you've ever purchased from a retailer.
Every state figures out a way to collect revenue in the form of taxes, but not every state is equal in how they go about doing that. Some states have a high sales tax while others have no sales tax at all. This piece will focus on breaking down the best and worst states when it comes to their sales tax.
Estate Tax News & Opinion Articles
|Thu Mar 26, 2015 | thehill.com|
Sen. John Thune (R-S.D.) said "a death in the family should not be a taxable event."
|Wed Mar 25, 2015 | forbes.com|
Portability is still tripping up surviving spouses and their advisors, and the American Institute of CPAs is calling on...
|Mon Mar 02, 2015 | dollarwiseblog.dallasnews.com|
Question: I have read quite a lot about the gift tax exclusion. I understand the issue that a person can give a certai...
Estate Tax Videos
|Fri Mar 20, 2015|
This video discusses the concept of the inheritance tax and explains how the inheritance...
|Thu Nov 20, 2014|
Find out if you’ll need to pay the federal gift tax if you give someone money or property.
|Thu Apr 14, 2011|
The IRS charges taxes on certain monetary gifts that people make during the year. Learn a...
|Wed Jan 12, 2011|
Do you think the estate tax might apply to you? Learn who is impacted by estate taxes for...
|Fri Jul 10, 2009|
As attention turns from Michael Jackson's death to the complex estate he left behind, exp...