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Estate tax in the United States


The estate tax in the United States is a tax on the transfer of the estate of a deceased person. .... For a person dying during 2006, 2007, or 2008, the " applicable exclusion amount" is $2...

The Surviving Spouse Estate Tax Trap - Forbes


Mar 25, 2015 ... Surviving spouses need to decide whether or not to file an estate tax ... The IRS initially gave relief to those who died in the first half of 2011.

Estate Tax: Will Your Estate Have to Pay? | Nolo.com


For example, say a man dies and leaves $4 million to his widow; no estate tax is owed because property left to a spouse is tax-free. The widow then dies, leaving  ...

Death in the Family - TurboTax Tax Tips & Videos


When a taxpayer dies, a new taxpaying entity – the taxpayer's estate – is born to .... spouse, which is available only for the tax year in which the spouse dies.

Portability of a Deceased Spouse's Unused Exclusion ... - US Trust


unused estate tax exclusion (up to $5.25 million in 2013). This summary will (1) ... For those dying in 2011 and later, if a first-to-die spouse has not fully used the ...

Estate Tax Tips for Married Couples - MarketWatch


Mar 18, 2011 ... For married couples, the $5.12 million federal estate tax exemption and ... die in 2012, you can leave everything to your spouse, including your ...

How to Reduce or Eliminate Estate Taxes - EstatePlanning.com


If your spouse is a U.S. citizen, you can leave him or her an unlimited amount when you die with no estate tax. But there can be problems when the second ...

Married Couples and the New Estate Tax — Investing Daily


Mar 20, 2013 ... The lifetime estate and gift tax exemption is indexed for inflation. But once a spouse dies, the amount of the unused exemption transferred to the ...

Tax Planning for After Death-Kiplinger


When a taxpayer dies, a new taxpaying entity — taxpayer's estate — is born to ... or wife's death, the surviving spouse can file as a qualifying widow or widower.

Tax Filing Status After Death Of Spouse: What Do I Do? | Bankrate.com


Jan 22, 2015 ... The tax-filing status after the death of a spouse is fairly straightforward. If your spouse dies during the year, the IRS considers you married for ...

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A Married Couple's Guide To Estate Planning - Forbes


Jan 9, 2013 ... Here's how these trusts work: When the first spouse dies, the trust is funded with up to the tax-free exemption amount. The trust distributes ...

Estate Tax - IRS.gov


The Estate Tax is a tax on your right to transfer property at your death. ... debts, estate administration expenses, property that passes to surviving spouses and ... for decedents dying in 2009; and $5,000,000 or more for decedent's dying in 2010 ...

A New Tax Break for Married Couples - WSJ


Jul 10, 2015 ... “Individuals and advisers need to be aware that they must act quickly after the first spouse dies,” says Laura Hirschfeld, an estate-tax lawyer at ...