Sentences with phrase «state estate tax purposes»
For the state estate tax purposes, whether the laws of New York or California apply may often turn on which state Ms. Rivers was deemed to be domiciled in at the time of her death.
http://www.wealthmanagement.com/ Not exact matches
GLPI elected to be taxed as a real estate investment trust («REIT») for United States federal income tax purposes commencing with the 2014 taxable year.
For starters, portability only applies for federal estate tax purposes; it does not apply to state estate taxes.
You want to use it for estate planning purposes because you're set to owe federal or state estate taxes on your assets
The most likely reason you'll have to pay AMT is if you have certain types of deductions that don't get counted for AMT purposes, such as real estate and state income taxes.
You want to use it for estate planning purposes because you're set to owe federal or state estate taxes on your assets
Second, substantially all payments for the licensed real estate agent's services must be directly related to their sales or other output rather than based on number of hours worked, and lastly, the real estate agent's services must be performed pursuant to an agreement that states the real estate agent will not be treated as an employee for federal tax purposes.
Further, Michigan's real estate statute defines an «independent contractor relationship» as a relationship between a real estate broker and an associate broker or real estate salesperson where there is both a written agreement between the parties stating that the associate broker or real estate salesperson is not considered an employee for federal and state income tax purposes and not less than 75 % of the annual compensation paid by the broker to the associate broker or real estate salesperson is from commissions from the sale of real estate.
In states like Florida and California with large senior populations, an increasing number of elderly homeowners are placing all or most of their assets — including their home — into a trust for tax and estate planning purposes.