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Et 85 Form

Et 85 Form

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What is a W-9 tax form? What is a W-9 tax form?

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Instructions and help about 85 tax form

does new york state have an estate tax yes it does uh it's one of several states that imposes an estate tax on either people that are domiciled in new york who are residents new york state residents and also non-residents to have tangible or real property in new york state now there is an exemption for new york state state taxes it's currently a little shy under six million dollars so if you have an estate under that amount then generally speaking you will not pay any new york state state tax although careful there is something known as the dreaded cliff the cliff means if you go over five percent of the uh over the exclusion amount that's your state's a little bit over that exclusion amount then your entire state from the very first dollar gets is subject to the new york state estate tax creating a potentially large bill that could be uh that that could be mitigated with the right estate plan

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