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Sample Letter to State Tax Commission concerning Decedent's Estate

Federal And State Estate Taxes Are Best Described As In Chicago

Category:

Letters - Legal - Estates

State:

Multi-State

City:

Chicago

Control #:

US-0042LTR

Format:

Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

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On top of this tax, the estate may be subject to the federal estate tax. Illinois imposes its own estate tax separate from the federal estate tax.Illinois's estate tax system is commonly referred to as a "pick up" tax. Property tax is a tax that is based on a property's value. It is sometimes called an "ad valorem" tax, which means "according to value." The exclusion amount is a taxable threshold and not a credit against tax. Illinois has a flat income tax rate of 4.95 percent.

Federal And State Estate Taxes Are Best Described As In Chicago

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