I think my agent is screwing me
2007-01-10 02:35:26 · 3 answers · asked by pepper 2 in Business & Finance ➔ Taxes ➔ United States
Yes it does. My father died and left me his business and other things in his estate. California hit us with a big tax. And they have a larger interest payment Then the IRS.
you could go to a second accountant for another opinion. But believe me you will have to pay something.
Any further questions please let me know,
Billie 77
2007-01-10 02:45:42 · answer #1 · answered by Cherokee Billie 7 · 0⤊ 1⤋
Effective for estates in 2005 there is no longer any tax. See this link.
http://www.sco.ca.gov/col/taxinfo/estate/faq/index.shtml#0
2007-01-10 03:01:53 · answer #2 · answered by spicertax 5 · 0⤊ 0⤋
No, it does not, but residents would obviously be subject to Federal estate tax.
2007-01-10 02:39:36 · answer #3 · answered by SDD 7 · 0⤊ 0⤋