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Estate tax is collected by the federal government, while inheritance tax is state imposed.
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There are many things to learn to become an expert (this is why we have accountants), but the essentials actually are. If you're getting a refund, the clock starts ticking after you file your taxes. The beneficiary of a deceased p. In the united states, federal and state governments need money to provide certain services and benefits that we wouldn't otherwise have access to, from so. Estate tax is collected by the federal government, while inheritance tax is state imposed.
Of course, you want your money as soon as possible.
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Here's what you need to know about getting a tax appraisal.
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