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Topic: Estate tax

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	Inheritance tax -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-20)
		The (A government with strong central powers) federal government imposes an estate tax, which is calculated as a percentage of the net value of the gross estate after certain credits and deductions.
		Any tax due is paid by the (A person appointed by a testator to carry out the terms of the will) executor or other person responsible for administering the estate, who is also responsible for filing a return with the (The bureau of the Treasury Department responsible for tax collections) Internal Revenue Service.
		Life insurance benefits generally form part of the gross estate for tax purposes, if the benefits are payable to the estate, or if the decedent was the owner of the life insurance policy or had any "incidents of ownership" over the life insurance policy.
	www.absoluteastronomy.com /encyclopedia/i/in/inheritance_tax.htm (1043 words)

	Encyclopedia: Estate tax (Site not responding. Last check: 2007-10-20)
		The tax is also imposed on other transfers of property made as an incident of the death of the owner, such as a transfer of property from an intestate estate, or the payment of certain life insurance benefits.
		The federal government imposes an estate tax, which is calculated as a percentage of the net value of the estate after certain credits and deductions.
		The gift tax is assessed in a manner similar to the estate tax: an upshot of this is that a person will not be able to avoid taxes on his or her estate by transferring property while alive.
	www.nationmaster.com /encyclopedia/Estate-tax (869 words)

	Inheritance tax - Wikipedia, the free encyclopedia
		Inheritance tax, also known in some countries outside the United States as a death duty and referred to as an estate tax within the U.S, is a form of tax that may be levied upon the estate of a deceased person that is left to a living person or organisation.
		The tax is also imposed on other transfers of property made as an incident of the death of the owner, such as a transfer of property from an intestate estate or trust, or the payment of certain life insurance benefits or financial account sums to beneficiaries.
		The high effective transfer tax rate has prompted many wealthy benefactors to make sizable gifts during their lifetime, paying a gift tax on the amount transferred, rather then allow the whole amount to be taxed at the estate level.
	en.wikipedia.org /wiki/Estate_tax (1386 words)

	The Economics of the Estate Tax (Site not responding. Last check: 2007-10-20)
		Even if a reduction in the estate tax were associated with a decrease in the amount of charitable deductions made for estate tax purposes, there may be no long-term net effect since individuals may offset their reduction in donations at death with an increase in donations made during life.
		Although the $23.1 billion that the estate tax raised in 1998 is hardly insignificant, it amounts to only about 1.4 percent of the $1.7 trillion in total receipts (Figure 1), a level that has remained relatively stable during the past five decades.
		Estate tax law requires that a conservation easement be located either within 25 miles of a metropolitan area, national park, or national wilderness area, or within 10 miles of an urban national forest.
	www.house.gov /jec/fiscal/tx-grwth/estattax/estattax.htm (18879 words)

	QandO: Estate Tax
		Empirical and theoretical research indicates that the estate tax is ineffective at reducing inequality, and may actually increase inequality of consumption.
		The enormous compliance costs associated with the estate tax are of the same general magnitude as the tax's revenue yield, or about $23 billion in 1998.
		The distortionary effects of the estate tax result in losses under the income tax that are roughly the same size as estate tax revenue.
	qando.net /archives/003686.htm (268 words)

	Estate and Gift Taxes (Site not responding. Last check: 2007-10-20)
		For Estate Tax Purposes in years 2002 and 2003 the Unified Credit is $345,800 and the Applicable Exclusion Amount is $1,000,000.
		For Estate Tax Purposes in years 2006, 2007 and 2008 the Unified Credit is $780,800 and the Applicable Exclusion Amount is $2,000,000.
		Estate tax may apply to your taxable estate at your death.
	www.irs.gov /businesses/small/article/0,,id=98968,00.html (1722 words)

	Estate and Gift Taxes (Site not responding. Last check: 2007-10-20)
		In this regard, the estate tax, with "disincentives" limited mainly to ex-people, is a star.
		The portion of a decedent's estate passing to a spouse is exempt from tax.
		Only about a third of estates with gross assets between $600,000 and $1 million were taxable—and the average tax for estates of this size was just $17,000.
	www.ctj.org /html/estbob.htm (1233 words)

	The Kyl Amendment to Lock in Permanent Repeal of The Estate Tax, 2/5/02 (Site not responding. Last check: 2007-10-20)
		Under last year's tax-cut legislation, the estate tax is repealed at the beginning of 2010, but the repeal expires at the end of that year as part of the general expiration of all provisions of the tax bill.
		Moreover, despite the myths built up around the impact of the estate tax on small family farms and businesses, only a small fraction of the estate tax is paid on these enterprises, and few small family farms or businesses are ever subject to the tax.
		Before repeal of the estate tax occurs in 2010, the already-modest number of estates subject to the estate tax will decline quite substantially, as a result of the changes in the estate tax enacted last year.
	www.cbpp.org /2-5-02tax.htm (1955 words)

	NOW with Bill Moyers. Politics & Economy. Debating the Inheritance Tax \| PBS (Site not responding. Last check: 2007-10-20)
		Conservatives call it "the death tax." Lawyers call it the "estate tax." It used to be known as "the inheritance tax." And each group has a different assessment of who pays the tax, and who would profit from its repeal.
		Among the reasons for keeping the estate tax listed on Responsible Wealth's Web site are that the tax limits the size of private fortunes that, if allowed to grow unchecked, could concentrate political and fiscal power.
		The estate tax is extremely punitive, with marginal tax rates ranging from 37 percent to nearly 80 percent in some instances.
	www.pbs.org /now/politics/inheritance.html (552 words)

	Offshore Encyclopedia - Tax Plannning for Large Retirement Plans (Site not responding. Last check: 2007-10-20)
		This means that, as an example, a client with $1 Million in an IRA may only leave $250,000 of that to heirs, after income and estate taxes have taken their substantial bites.
		IRD consists of those items of gross income that would have been gross income of a decedent had the decedent not died before the item was due to the decedent, but which are received by a successor in interest (e.g., the decedent’s children) because of the decedent's death.
		Under the tax code, Plans are first taxed at estate tax rates, which run as high as 55%.
	www.redseamanagement.com /offshoreencyclopedia/retirementplans.htm (834 words)

	California State Controller's Office - Tax Information - Estate Tax - FAQ (Site not responding. Last check: 2007-10-20)
		An amended California Estate Tax Return is filed by providing the State Controller's Office with a copy of the amended federal estate tax return and a California Estate Tax Return with the "Amended" box checked.
		Payment for estate taxes may be made by submitting a check payable to the State Treasurer and mailed to the State Controller's Office, Division of Collections, Bureau of Tax Administration, P. Box 942850, Sacramento, CA 94250-5880.
		Pursuant to Revenue and Taxation Code Section 13531, estate taxes are due and payable at the date of the decedent's death.
	www.sco.ca.gov /col/taxinfo/estate/faq/index.shtml (769 words)

	Estate Tax (Site not responding. Last check: 2007-10-20)
		If your estate falls under the government exemption your trustee/executor does not have to file an estate tax return (Form 706) and pay the required tax within 9 months of your death.
		The estate includes all property owned by the decedent at the time of death: investments, cash, real estate, vehicles, personal property, life insurance proceeds from policies owned by the decedent within three years of death, life insurance paid to the estate, retirement assets and business interests.
		Your estate will have to pay estate taxes if the net value (gross assets minus debts) when you die is more than the exemption amount set by Congress.
	www.estateplancenter.com /estate_tax/tax.html (693 words)

	Inheritance and Estate Tax - NJ Taxation
		An estate may be subject to the New Jersey Estate Tax even though there is no New Jersey Inheritance Tax payable.
		For decedents with a date of death prior to January 1, 2002 the New Jersey Estate Tax was designed to absorb the maximum credit for state death taxes allowable in the Federal estate tax proceeding.
		For decedents with a date of death on or after January 1, 2002 the New Jersey Estate Tax was decoupled from the Federal estate tax proceeding.
	www.state.nj.us /treasury/taxation/text/ot7txt.htm (355 words)

	FairEconomy.org - Estate Tax Action Center
		Nearly half of all estate taxes are paid by the wealthiest 0.1% of the American population – a few thousand families each year.
		Repealing the estate tax would result in multi-million dollar tax cuts to the heirs of America's millionaires and billionaires, concentrating wealth and political power in fewer hands.
		Repeal of the estate tax would have a devastating impact on charitable giving to colleges, hospitals, museums, land conservancies, and organizations that assist the poor and disadvantaged.
	www.faireconomy.org /estatetax (471 words)

	Information on Maryland Estate taxes
		The Maryland estate tax is a state tax imposed on the transfer of property in a decedent's estate.
		The filing requirements for an estate tax return vary depending on when the decedent died.
		For decedents dying after December 31, 2001, the Maryland estate tax return is required if the decedent's federal gross estate, plus adjusted taxable gifts, equaled or exceeded $1,000,000 and the decedent was either a resident of Maryland at the time of death, or a nonresident who owned real or tangible personal property in Maryland.
	individuals.marylandtaxes.com /estatetax (186 words)

	Long Live the Estate Tax!
		A reformed estate tax, with wealth exemptions boosted to $3.5 million, would still generate tens of billions of dollars of revenue a year.
		Originally passed in 1916, the estate tax was a fundamentally American response to the excesses of the Gilded Age.
		We need to preserve the estate tax in states and at the federal level for exactly the reason it is under assault.
	www.thenation.com /doc/20030127/gates (773 words)

	Americans for a Fair Estate Tax
		The AFET coalition compiled a set of talking points in preparation for the Senate vote on the estate tax, which did not occur as scheduled because Hurricanes Katrina and Rita resulted in a Congressional legislative shake-up.
		Americans For a Fair Estate Tax is a large coalition of nonprofit organizations and others from around the country representing a wide cross-section of America.
		The coalition is dedicated to preserving the estate tax in some form as a valuable part of the progressive U.S. tax system.
	www.ombwatch.org /estatetax (622 words)

	Home > Tax Topics > Court Decision Invalidates Washington's Estate Tax (Site not responding. Last check: 2007-10-20)
		On February 3, 2005, the Washington Supreme Court rendered its decision in the estate tax class action lawsuit Hemphill et al.
		If an estate is required to file a federal return (see the federal filing threshold below) then it is required to file a Washington State Estate Tax Return.
		If an estate is required to file a federal return, then it is required to file a Washington State Estate Tax Return.
	dor.wa.gov /content/home/TaxTopics/EstateTax.aspx (493 words)

	Dead Wrong - The estate tax doesn't double-dip, and they know it. By Michael Kinsley
		Most of the accumulated wealth that is subject to the estate tax was never subject to the income tax.
		The same is true of almost every fortune large enough to qualify for the estate tax, probably including that of every other signer of that ad.
		Indeed repeal of the estate tax will herald a new Golden Age of tricks for avoiding the income tax, complex but futile regulations to prevent this, and lawyers all around.
	www.slate.com /?id=103874 (920 words)

	Florida Forestry Information - Estate Planning (Site not responding. Last check: 2007-10-20)
		The President's Tax Relief Act of 2001, H.R. 1836, gradually increases the unified credit exemption, while reducing the top estate tax rate between 2002 and 2009, with a 12-month repeal of the estate tax in 2010.
		This temporary estate tax repeal could be costly for families that assume the repeal is permanent.
		Without proper planning, a valuable piece of land in a private estate may trigger an estate tax so large that the land would have to be sold in order to pay the tax.
	www.sfrc.ufl.edu /Extension/ffws/ep.htm (1234 words)

	real estate tax - property tax estate county real information appraiser collector taxation taxes ® tax problem (Site not responding. Last check: 2007-10-20)
		Real estate tax bills are mailed in the Spring and Fall to the property...
		The real property tax is a tax based on the value of real property.
		The property tax is imposed on the assessed value of the property.
	www.tax-problem.net /real_estate_tax.htm (522 words)

	Estate Tax Calculator (Site not responding. Last check: 2007-10-20)
		Please note: The unified credit is based on the 2001 Tax Bill.
		After 2010, the calculations revert back to current law, so your unified credit drops from $3.5 million in 2009 to infinite (i.e.
		no tax) in 2010 back down to $1 million in 2011.
	www.banksite.com /calc/estate (102 words)

	Estate Tax Information & Resources
		The federal estate tax can consume up to 50% of the assets of a large estate but it can be easily avoided with some advance planning.
		Inheritance tax planning - estate tax planning. An experienced tax lawyer or trust and estate lawyer is needed to prepare effective tax planning for the distribution of an inheritance
		Providing experienced and dedicated estate & tax planning, trust and will preparation, and probate services. My practice is devoted to providing comprehensive estate planning and probate services, with an emphasis in avoiding estate taxes and probate.; I am a member of the Oregon State Bar and have passed the Oregon Certified Public Accountants exam.
	www.online-estate-tax-information.com /estatetax (1877 words)

	CTJ Frequently Asked Questions Menu
		This page is intended to answer the broad questions most people have about the workings of our tax system.
		Our "Frequently Asked Questions" page is a work in progress; we plan to continue adding information about the tax system as we receive questions from the public.
		If you have a question about our tax system that is not answered on this page (or on the rest of our website), we invite you to e-mail us at ctj@ctj.org, or simply click on the mailbox, to submit your questions.
	www.ctj.org /html/faq.htm (274 words)

	California State Controller's Office
		The State Controller's Office, Bureau of Tax Administration, administers the Estate Tax, Inheritance Tax, and Gift Tax programs for the State of California.
		The Economic Growth and Tax Relief Reconciliation Act of 2001, phased out the state death tax credit over a four (4) year period beginning January 2002.
		Estate Tax and Generation-Skipping Transfer Tax Laws and Estate Tax Regulation booklet
	www.sco.ca.gov /col/taxinfo/estate (201 words)

	The Hartford's Estate Tax Calculator (Site not responding. Last check: 2007-10-20)
		Without a proper estate plan in place, federal and state taxes could easily consume a large portion of the money and property you leave behind.
		(For estates under $1 million, many of the benefits of estate planning won't apply.
		Show me a simple, tax-saving estate planning technique.
	www.thehartford.com /corporate/life/est_calc1.html (176 words)

	* Search Results for Real Estate Tax * (Site not responding. Last check: 2007-10-20)
		WorldWideWeb Tax is the home of affordable professional tax return preparation and e-filing software.
		Find out how real estate investors are making a killing in real estate.
		Read about real estate tax in the free online encyclopedia and dictionary.
	www.1st-bank-foreclosures.com /search/real-estate-tax.html (393 words)

	Illinois Attorney General - Estate Tax Downloadable Forms
		Illinois Attorney General - Estate Tax Downloadable Forms
		Estate Tax Instruction Sheet for 2002 and Prior Decedents
		If you cannot download the PDF, please call Chicago (312) 814-2491 or Springfield (217) 524-5095 with questions or for further assistance.
	www.ag.state.il.us /publications/estatetax.html (70 words)

	Maine Revenue Services: Income/Estate Tax - Income/Estate Tax Home
		Maine Revenue Services: Income/Estate Tax - Income/Estate Tax Home
		2005 Employment Tax Seminar (November 30) schedule and registration [PDF]
		The Income/Estate Tax Division administers multiple tax programs, listed below, as well as some Tax Relief programs.
	www.state.me.us /revenue/incomeestate/homepage.html (77 words)

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