by Kathy Lane | Jan 6, 2010 | Estate Taxes, Form 706 Estate Tax Return
On January 1, 2010, the rules about taxing inherited asets changed. To understand why dying in the year 2010 is different from dying in any other year, you must understand how inherited assets are taxed. Unless someone dies in 2010, all of their heirs will inherit...
by Kathy Lane | Dec 3, 2009 | Estate Taxes
On December 3rd the House passed H.R. 4154, the Permanent Estate Tax Relief for Families, Farms, and Small business Act of 2009 by a vote of 225 to 200. The bill willl permently extend the tax exempton and the maximum tax at the current rate. As of 2009, the estate...
by Kathy Lane | Dec 2, 2009 | Estate Taxes
Last week, Senator Pomeroy introduced H.R. 4154. The bill is scheduled for discussion and a vote later this week. The language in H.R. 4154 is very short and to the point. This Act may be cited as the “Permanent Estate Tax Relief for Families,...
by Kathy Lane | Nov 15, 2009 | Estate Tax Personal Exemption Allowance, Estate Taxes
Pay attention to the House of Representatives this week! It appears our government is getting ready to decide how to change the current federal estate tax laws over the next couple of weeks. Will the House of Representatives recommend the 2009 $3.5 million federal...
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