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Kris Koonar's Articles in Taxes

  • What Are The Current Tax Rules You Must Consider For Your Estate Planning?
    No estate tax is payable during 2006, 2007, and 2008 on a descendants estate valued up to $2million. However, estate taxes can chew away a sizable part of the estate after death if effective estate planning steps are not taken in time.
  • Why Is Estate Tax Planning So Important?
    There are many reasons that make an estate plan very important. When you are unable to take decisions regarding your healthcare due to illness or accident there needs to be someone who can legally take such decisions on your behalf.
  • Understanding The Basics Of Estate Tax Planning
    Federal tax laws exempt property up to two million dollars from estate tax. They also allow a one million-dollar lifetime limit for gifting property without attracting any gift tax.
  • Tips To Curtail Your Estate Taxes
    Estate tax is levied both at the federal and state levels. The high rate of taxation takes away nearly forty-five percent of the estate of the deceased.
  • How Can Gifts Help You Reduce Your Estate Taxes?
    There are many ways to avoid or mitigate estate taxes. Transferring property through gifts is one of them.
  • A Tax Guide To Manage Your Estate Taxes Effectively
    Estate taxes eat away a substantial portion of your estate if you are not careful to take necessary steps in time. It is absolutely essential for you to start planning at once if you have property valued above two million dollars.
  • Estate Tax Planning
    The estate of a deceased person is subject to estate tax levied by the government. This tax is levied on his taxable estate, the value of which is arrived at by reducing his gross estate by something known as allowable deductions, where the gross estate is the total value of all the assets owned by the deceased at the time of his death.
  • Estate Planning and Trusts
    If you own property or assets of substantial value and have not yet thought about estate planning, it is time to start doing your calculations in order to put a plan in place. If you die having property, the state levies tax on your estate.
  • Estate Planning and the Steps to Avoid Probate
    If you die owning property, whether substantial or not, the property has to go to someone after your death. You can make your estate plans and make a will specifying whom you want your assets to go to, which may include one or more persons.
  • Estate Planning Strategies
    The reason for making an estate plan is to ensure that all your assets are handled in accordance with your intentions after your demise. The plan consists of creating a host of legal documents which may include deeds of trusts, a will and other legal instruments.
  • Overview of the Bank and Corporation Tax in California
    Out of the 48 states, California is the one to tax corporate profits. Whereas, the bank and corporation tax of California remains the third largest source of General Fund revenues of the state.
  • California Local and Property Taxes
    As the California state population increased, the demand for housing also increased
  • California Tax FAQs for New Residents
    If you are a new resident of California then you may want to learn about its tax structure.
  • Overview of California Income Tax
    Personal Income Tax or PIT in the State of California is paid in addition to the Federal Income tax.
  • Overview of California Sales and Use Tax
    All the states in the US, except Delaware, Alaska, Montana, Oregon and New Hampshire levy Sales and Use Tax or the SUT.

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