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What are some of the reluctance of the first and 2nd estates to eliminate there tax exemption?
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Which of France estates had to pay taxes?
Only the third, the first and second were exempt!
Is there a way to claim a tax refund as personal property on schedule B and then as an exemption on schedule C?
The answer to this question depends on State law. Each State has its own exemptions (except for those States which have elected to utilize the federal exemptions), so it depends on what exemptions the State in which you live allows. In Indiana, each person has a $100.00 cash exemption (which is the exemption you have to use for tax refunds in Indiana), so I normally list an anticipated tax refund on Schedule B #17, and then I exempt $100.00 of the amount on Schedule C (per the Indiana cash exemption). The debtor then gets the first $100.00, and the trustee can take the tax refund check over the $100.00 that is exempted. In the case of a joint filing, Indiana allows you to protect $200.00 ($100.00 per debtor). As a practical matter, most trustees in Indiana won't seize a tax refund check even if it is worth more than the $100.00 (or $200.00) exemption if it is less than $1,000.00, since most trustees don't want to bother liquidating anything smaller than $1,000.00. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
What is the minimum taxable estate?
It depends on what year it is and whether they decedent has made any taxable gifts during his or her lifetime. Generally, if someone died in 2009, their estate is free of estate tax up to $3.5 million. In 2010, there is currently no estate tax at all, no matter what the size of the estate is. For 2011 and beyond, currently estates are taxable after the first $1 million.
Can creditors take your federal income tax refund?
Tax refunds can only be seized for tax arrearages and/or child support arrearages, they are not subject to attachment by a judgment creditor. Obviously if the refund is deposited in the debtor's bank account a judgment creditor can levy that account and seize any and/or all funds necessary to pay the judgment. The exception is monies that can be proven to belong to a joint account holder who is not the debtor, and monies considered exempt, such as SS, SSI, SSD. However, each state has a minimum exempt amount for bank accounts that cannot be seized by creditors. But you have to go to court and ask to protect it. It's not tiny, either. In Virginia, for example, the first $5,000 in the bank can be exempted from seizure by a creditor. Maryland exempts $6,000. This is not a bankruptcy exemption, it's a general exemption from attachment by a judgment creditor.
Do you pay capital gains tax if you roll the profit into a new home?
The law changed in 1997. Before that, you had to buy a new home to avoid capital gains tax. The law no longer cares what you do with the money from the sale of the old home. If the house was your main home for two of the previous five years and you owned the home for two of the previous five years, the first $250,000 in capital gains is exempt from tax. The exemption increases to $500,000 if you file jointly and it was also the main home of your spouse for two of the previous five years.
Who was the first second and third estates?
The First Estates was the Clergy; the Second Estates was the Aristocrats; and the Third Estates was the poor.
When was the date of the first meeting of the estates general?
The first meeting of the Estates General was May 5th, 1789.
What does Robespierre begin to demand at the meeting of the Estates General regarding taxes and the First and Second Estates?
anus!
When the Estates General first met?
1789
What were the three groups of people who made up the Estates General or France's first parliament?
The French Estates General was made up of three main groups. This first Parliament consisted of the First Estates of clergy, the Second Estate of nobility, and the Third Estate of commoners.
How was the membership of the National Assembly different from the Estates General?
The National Assembly was formed mostly by members of the third estate, while the Estates General consisted of the first, second, and third estates.
How was the membership of the national assembly difference from that of the Estates General?
The National Assembly was formed mostly by members of the third estate, while the Estates General consisted of the first, second, and third estates.
How was the membership of the national assembly different different from that of the estates general?
The National Assembly was formed mostly by members of the third estate, while the Estates General consisted of the first, second, and third estates.
What was the 1st and 2nd estates feeling on the revolution?
The first and second estates detested the French revolution as it threatened to remove them from power and wealth.
French estates proir to the revolution?
There were 3 estates: the third estate was the bourgeoisie. They represented 97% of all inhabitants of France. There other two estates (the first and second) were the nobility and the clergy (the representatives of the church).
Why does the slope of the saturation curve level off towards the top?
• Since the unsaturated core of the machine has a reluctance thousands times lower than the reluctance of the air-gap, the resulting flux increases linearly first. When the saturation is reached, the core reluctance greatly increases causing the flux to increase much slower with the increase of the mmf.
The dependency exemption for individuals who died before the end of the year must be prorated?
NO. The dependency exemption amount is never prorated for the year on the income tax return. It is the full amount or zero no exemption. Born on the last day of the year I exemption for that year died on the first day of the year 1 exemption for that year. If they met and you meet all of the rules to be your qualifying dependent on your 1040 income tax return.
