When an individual dies, their tax obligations are passed on through the estate. Also if the...

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Accounting

When an individual dies, their tax obligations are passed onthrough the estate. Also if the estate is to expensive a tax mightbe owed. Lets say I owned a business worth $100 million dollars andI have 25% stake in the company.

Lets say 100% of the what I own in the company will be taxableand I am married and it will be filed jointly.

Company's net income is $17.5 million.

If I was selling the company how much estate tax attributablewould I be facing filing jointly?

Also any tax laws that you reccomend to ensure that what ever isowed is reduced?

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When an individual die the tax obligations gets passed on in the name of beneficiary however a property can be transferred only if you have a substantial proof to claim A person holding substantial interest in a company and if the company was sold then if the    See Answer
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