Please click a topic below to read further:
CPA
How is a CPA different from an accountant?
Federal Tax Issues
How do I get a Federal Employer Identification Number (FEIN)?
What amount of assets in an estate are exempt from Federal Estate Tax?
What is the annual Gift Tax Exclusion?
What amount of assets in an estate are exempt from Federal Estate Tax?
Amount of Assets in Estate Effectively Exempt from Federal Estate Tax |
|
---|---|
Year | Exempt Amount |
2000 | $675,000 |
2001 | $675,000 |
2002 | $1 million |
2003 | $1 million |
2004 | $1.5 million |
2005 | $1.5 million |
2006 | $2 million |
2007 | $2 million |
2008 | $2 million |
2009 | $3.5 million |
2010 | Estate Tax Repealed |
What is the annual Gift Tax Exclusion?
Annual Gift Tax Exclusion | |
---|---|
2002 | $11,000 |
2001 | $10,000 |
2000 | $10,000 |