I will inherit my mothers house after she dies. What are my concerns regarding inheritance taxes in NY?
2007-12-06 01:50:59 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
There is a federal estate tax that your mother's estate may have to pay if her estate (and prior gifts) total more than $2,000,000.
Jim Kirby, CPA
2007-12-06 17:08:43 · answer #1 · answered by Jim Kirby, CPA/PFS, CFP, CFS 3 · 0⤊ 0⤋
many international locations have loss of life taxes this is paid by way of the valuables of the guy who exceeded directly to the total beyond. you may could discover out what the taxes are in Au. i do no longer think of it may be an inheritance tax considering the fact which you do no longer stay there.
2016-10-01 00:01:39 · answer #2 · answered by ? 4 · 0⤊ 0⤋
There is no Federal inheritance tax. There are still a few states with them though.
2007-12-06 02:59:45 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
This is an important question. I strongly recommend consulting a tax attorney.
2007-12-06 01:59:24 · answer #4 · answered by Engelbert 2 · 0⤊ 1⤋