The New Pennsylvania Inheritance Tax Exemption for Family-Owned Business InterestsBender, Charles
How to Transfer Property as a Gift in California Federal Gift Tax Though gifts in Pennsylvania are exempt from state taxes, you will still have to pay federal taxes for gifts over a certain amount. The federal gift tax only applies to the donor of the gift. At the time of publication, d...
Businesses expanding and/or relocating to Pennsylvania will find a tax environment where taxes haven’t been raised in the last three years. Since Gov. Tom Corbett took office three years ago, the state has eliminated inheritance taxes on small businesses. The cap on net operating losses has be...
Foreign investors benefit from Pennsylvania's absence of a state inheritance tax. This exemption allows you to pass on your property to your heirs without incurring significant tax... Read More Outdoor Adventure Embark on a thrilling whitewater rafting adventure on the Lehigh River, navigating th...
Greetings from PennsylvaniaThe two largest sources of state revenue are income taxes on individuals and businesses and the state sales tax. In addition, the state imposes other taxes and fees on businesses and collects fees for various licenses and permits. There is also an inheritance tax, taxes...
Fed/State e-file Inheritance Tax General Financial Institutions Agricultural Exemption Business Exemption Register of Wills Motor and Alternative Fuel Taxes General EFT (Electronic Funds Transfer) myPATH Realty Transfer Tax General Recorder of Deeds Public Transportation Assistance/Vehicle...
Pennsylvania is an “equitable distribution” state. The separate property stays with its owner and includes: Property acquired before the marriage; Property received in exchange for any separate property; Any gifts and inheritances the spouses may have received; and ...
If you do not have your parents’ estate planning documents drafted or executed correctly the court can determine that the documents are not valid. Furthermore, the IRS or the state can also determine that documents such as trusts are not designated to achieve tax nursing home protection goals ...
Perform all of the necessary duties of a personal representative including: accounting of assets, satisfaction of debts, distribution of assets and the filing of other routine paperwork such as the final state and local taxes for the decedent. ...
state but not legal in another. A multitude of federal rights are afforded to opposite sex married couples that are denied to same sex couples, including estate and gift tax exclusions, social security benefits, benefits from certain immigration laws, access to federal civilian and veteran benefits...