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Estate Tax LATE PENALTIES?

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1 Estate Tax LATE PENALTIES? on Mon Feb 13, 2017 11:58 pm

Mc2012


Arresto Menor
Folks,

My late father died last Nov 2009, and as we are sorting out the documents of our family home, only now have we realized that there is an ESTATE TAX to be filed. So basically almost 8 years na unpaid ang Estate Tax. It is our FAMILY HOME, and zonal value is around 1.2M here.

Can anyone help me estimate the Estate Tax INCLUDING all penalties accumulated for the past 8 years since 2009/2010 when my father passed away?

Thanks!

Mc

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2 Re: Estate Tax LATE PENALTIES? on Tue Feb 14, 2017 8:40 am

lukekyle


Reclusion Perpetua
they are passing an amnesty for estate taxes. i would suggest you wait till that bill is passed. i think it will be much cheaper

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3 Re: Estate Tax LATE PENALTIES? on Wed Feb 15, 2017 10:55 pm

Mc2012


Arresto Menor
yay!

Passed na pala last Feb13 lang!


http://www.bworldonline.com/content.php?section=TopStory&title=house-oks-estate-tax-amnesty&id=140608

When will this take effect? So that means no or minimal tax for me?

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