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could you help? context: The state wealth transfer tax has been tied to the federal estate taxes in terms of the calculation of the tax due in certain states. For example, the Wisconsin estate tax is based upon the federal credit for state death taxes after December 31,2007. Under federal law there will be no federal credit for state death taxes for deaths occurring in 2008 through 2010. Therefore, there is no Wisconsin estate tax for deaths occurring between January 1, 2008, and December 31, 2010. In the absence of a change in the federal or Wisconsin law, both the federal and Wisconsin estate tax will be restored for deaths occurring on or after January 1, 2011. Qusetion: 1/For deaths occurring between2008 and 2010, does federal government impose federal estate tax? 2/how can I understand federal credit for state?
16 juillet 2024
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