|
#1
05-13-2005, 06:56 AM
| |||
| |||
 Re: Estate Tax/Stock in closely held corporation? "David Woods, EA, ChFC, CLU" <dwoods[at]woods-financial.com> wrote: - quote - > "John" <John[at]john.com> wrote:
I looked your information up and find you are correct, but> > It may not be true any more, but there used to be some > > estate tax advantage if more than half the estate consisted > > of stock in a closely held corporation. > > > Anyone know what that advantage is/was? Thanks. > It was a higher exemption up to I believe 1.3 mil. only back to 1997 when IRC 2033A when through. I am look for a benefit that dates back to 1979! << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
05-10-2005, 12:34 PM
| |||
| |||
| Re: Estate Tax/Stock in closely held corporation? "John" <John[at]john.com> wrote: - quote - > It may not be true any more, but there used to be some
It was a higher exemption up to I believe 1.3 mil.> estate tax advantage if more than half the estate consisted > of stock in a closely held corporation. > Anyone know what that advantage is/was? Thanks. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
05-06-2005, 06:53 PM
| |||
| |||
| Estate Tax/Stock in closely held corporation? It may not be true any more, but there used to be some estate tax advantage if more than half the estate consisted of stock in a closely held corporation. Anyone know what that advantage is/was? Thanks. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| closely, corporation, estate, held, tax or stock |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Transfer of closely held company stock negrom63@yahoo.com: What is the most tax-efficient way to tranfer stock in a closely held S-corporation to a non-related consultant of the company in order to minimize... | Taxes | 2 | 01-18-2005 02:05 AM | |
| Basis of stock in an estate? John: For estate purposes, is stock valued at the deceased's basis, or at market value? I am pretty sure it is valued at the gifter's basis on a give,... | Taxes | 15 | 10-04-2004 03:17 PM | |
| Cost Basis for jointly held real estate Admiral Addison: I am considering jointly purchasing a condo with my father, with each of us owning 50% of the condo. The condo would be paid for in cash and would... | Taxes | 2 | 06-27-2004 08:27 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
