The IRS announced October 2oth, 2011 that the amount exemption from estate taxes will increase next year. For an estate of any decedent dying during calendar year 2012, the basic exclusion from estate tax amount will be $5,120,000, up from $5,000,000 in 2011. For Special Use Valuation for qualified real property, the aggregate decrease in…
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What do you hear in your state regarding possible increases or adoptions of estate taxes in your state? It seems likely that states will go after estate taxes as a method to deal with their fiscal deficits. What are your thoughts? RESPONSES: Barry Gordon• I would be curious even though my work is in Canada….
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