The federal estate tax can be an issue for high net worth individuals. There is a federal estate tax credit or exclusion. If your assets do not exceed this exclusion amount, you do not have to worry …
Taxes
Will We Lose Our Farm to Estate Taxes?
Family farm owners are often going to be in possession of large tracts of land that can be very valuable on the open market. However, most farmers will never sell the land voluntarily, because they …
What Is the Generation-Skipping Transfer Tax?
There are taxes on asset transfers in the United States. We have a federal gift tax, a federal estate tax, and a generation-skipping transfer tax. We will look at all of these taxes in this post to …
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New Budget Would Impact Estate Tax Parameters
There is a compelling article appearing on the Forbes website that breaks down the 2015 budget proposal that has been presented by the White House. This new budget contains provisions that would …
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Filing Period for Estate Tax Exclusion Portability Expanded
There is a federal estate tax to contend with if you pass away in possession of a considerable amount of wealth. At the present time there is a $5.34 million per person credit or exclusion. If you are …
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