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PV47, Estate Tax Return Payment Voucher Minnesota Department Revenue State Mn Form

PV47, Estate Tax Return Payment Voucher Minnesota Department Revenue State Mn Form

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when somebody dies the first thing that has to happen is we have to figure out is this going to be a state that's going to be required to file an estate tax return the family is only obligated to file an estate tax return if the deceased property values are more than the deceased estate tax exemption the estate tax exemption varies it's going to go up and it's going to go down in the future you can just count on that but whatever the amount is in the year that the deceased passed away if the value of the property is more than that number then the family has to file an estate tax return so that the irs knows how much the deceased had if the deceased is leaving it to a spouse typically there won't be any estate taxes be paid at that point taxes are typically paid on the second debt if the deceased is living all to a charity again no taxes may be paid if it's not one of those two things there may be taxes paid if the deceased estate is over the amount of the exemption

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