Quote:
Originally Posted by O C Diver
Couple of corrections:
The estate tax threshold limit is temporary. If not renewed, it returns to 5 million in a few years.
Documented vessels in Florida pay a use fee which equals the registration fee. They specifically don't register it and the number starts with DO to indicate it's a documented vessels. Further, there is no requirement to display the number whereas a registered vessel must.
I realize this is all nit picking, but it took me a week to straighten out THEIR problem, when they originally issued my trawler registration numbers and refused to renew my user fee in year 6. Cleaning up their mess involved me proving I had paid sales tax on the boat. They only keep that proof for 5 years, but you're required to keep it until you no longer own the boat.
Ted
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Okay, it will return to $5 million ($10 miilion for a couple) in a few years. I will wager that few of us on this board will have any worries when it does. I know I won't come anywhere close.