Income Tax On Estate In Salt Lake
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State:
Multi-State
County:
Salt Lake
Control #:
US-0042LTR
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Word;
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The estate or trust residence does not affect the source of income for computing the beneficiary's Utah individual income tax. Understand what you need to do to file an estate income tax return and how to get an Employee Identification Number.VCB, PC is a full service tax, accounting and business consulting firm located in Salt Lake City, UT. Today's tax laws are confusing and ever-changing for trusts and estates. Our in-house experts can handle your trust, estate, or gift tax needs. We will also assist you in the planning and administration of these entities. Utah does not have a state inheritance or estate tax. However, there is still a federal estate tax that applies to estates above a certain value. Utah's estate tax system is commonly referred to as a "pick up" tax. This is because Utah picks up all or a portion of the credit for state death taxes.