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Are There Taxes Due On Pensions For Teachers In New York State In 2011? How Long Does A Non-collectible Status Last? Can The IRS Just Take...
User Photo Kathryn Morgan
Tax Professional Level: Master Tax Advisor

I'm a little confused, but am going to assume you are talking about a pension that you inherited on your moms passing and therefore we are talking about your taxes and not hers. If you are in Currently Not...   Read More
It Is My Understanding That The Estate Tax Was Repealed In 2010 But Was Reinstated In 2011 With Significant Changes In The Exemption...
User Photo William Keats
Tax Professional Level: Master Tax Advisor

The exclusion for both estate tax and gift tax for 2011 was $5,000,000 and increased to $5,120,000 for 2012. The maximum estate tax rate for 2011 and 2012 is 35%. The exemption amount for 2013 is $5,225,000, with...   Read More


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