Americans Standing for the Simplification of the Estate Tax was founded in 2010 in order to change the collection method for the Estate Tax. The group includes private businesses, family farms, and individuals who believe that so long as the IRS reqires the estate tax be paid, there is a simpler collection method that allows the same cash flow to the treasury, yet doesn’t cause jobs losses or the closure of businesses.

2 responses to “Governor O’Malley in Maryland Signs Estate Tax Changes into Law”

  1. Kathy

    I believe in paying my taxes when I truly owe them. However, i have a problem that maybe you can help me with. Maybe not or you can direct me to an advocate. I am the PR for my late Uncle’s Estate. He passed 1-10-2011. We filed all necessary paperwork, got appraisals for the land and ordered inventory of personal property. Dispersed personal property as was directed except for the 38 acres of my Grandparent’s farm.

  2. Kathy

    We wanted to close the Estate as we sold the property after working with a developer to secure the Engineering plan, etc to shop to a Builder. We did very well. Now the Register of Wills wants us to use a “supplemental inventory” and use the price of the sale of the property as the inventory price. First we did nothing wrong! Also They want us to pay an additional 1.6 million dollars in Inheritance Tax on this sale price. Can they do this? We spent over 1 million dollars over the past 3 years for surveys, studies, soil tests and engineering fees plus other fees. We felt this money was well spent as this would make it better to shop to a builder. Now the County/State wants our family money.
    Please advise.

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