Business Finance

Posts Tagged ‘tax legislation’

A death in the state of Oklahoma leads the decedent’s estate into the probate process and a filing of estate taxes. According to the website of the Oklahoma state government there are three tax forms that need to be completed. Completion of these forms begins with the 35 page Form 454 and it’s 14 schedules ranging from Real Estate (Schedule A-1) to Oil, Gas and Minerals (Schedule A-2) to Intangible Personal Property (Schedule C-1).

Have I lost you yet?

We’ve only begun to scratch the surface of Oklahoma’s estate tax process. Form 454 is 35 pages with 14 schedules and it is just the first of three forms to complete. There are estate exemptions for heirs that change depending on the year the person dies.

You have other concerns