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Ikonoklast

(23,973 posts)
18. I was thinking the same thing, would forming an 'S' Chapter corporation with the heirs as
Tue Dec 18, 2012, 01:34 PM
Dec 2012

stockholders help alleviate or be a workaround the estate tax?

Taxes up to the late 1990s were alot higher than any are now, or are planned graham4anything Dec 2012 #1
What's your source for that? ag_dude Dec 2012 #4
I have a relative in that situation mainer Dec 2012 #2
I find it really hard to feel all that bad for safeinOhio Dec 2012 #3
The study you are referring to ag_dude Dec 2012 #5
I do feel sorry for those that wish safeinOhio Dec 2012 #8
The taxing when the land is sold ag_dude Dec 2012 #9
A small farm or ranch in most places isn't worth many millions. pnwmom Dec 2012 #16
As a farm owner in Nebraska newfie11 Dec 2012 #6
How about shared ownership before the land ever becomes part of an estate? n/t eridani Dec 2012 #7
Isn't it based on profits anyhow? graham4anything Dec 2012 #10
No, it's not. ag_dude Dec 2012 #11
then its totally different than any other biz? graham4anything Dec 2012 #14
Yes, you can write off expenses.... ag_dude Dec 2012 #15
Then instead of an estate, give some away to family and it lowers the value graham4anything Dec 2012 #17
I'm not sure you actually understand the idea of family farms. ag_dude Dec 2012 #21
Who says to give it away??? Subdivide it, give a piece to family or friend or sell it graham4anything Dec 2012 #23
Used to be called land poor. Downwinder Dec 2012 #12
Doesn't incorporation provide a work-around for inheritance? HereSince1628 Dec 2012 #13
I was thinking the same thing, would forming an 'S' Chapter corporation with the heirs as Ikonoklast Dec 2012 #18
Sort of... ProgressiveProfessor Dec 2012 #20
This is one of the reasons Prop 13 is so beloved in California ProgressiveProfessor Dec 2012 #19
Estate taxes are necessary. Transfer of property to heirs is money they did not earn SoCalDem Dec 2012 #22
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