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 Form 593 C Real Estate Withholding Certificate Ftb Ca Gov 2019

2019-2025 Form

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Instructions and help about Form 593 C Real Estate Withholding Certificate Ftb ca gov

estate tax the estate tax is a type of transfer tax that is assessed on people's wealth after death the tax is assessed on a person's gross estate which is defined broadly as assets that the deceased owned or once owned and retained interest in or control over it is currently assessed at a maximum rate of 40 percent however under current tax law there are very large exemption amounts as of 2020 the first 11.58 million dollars in an estate are exempt and that doubles for a married couple so all but the very wealthy are exempt from this tax when applicable an estate must file an estate tax return form 706 or request for extension within 9 months after death a small and shrinking number of states also assess their own estate or inheritance taxes the estate tax is closely tied with the gift tax as the two combined to form a single federal transfer tax structure

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