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macdonald
Jan 6, 2007, 06:26 AM
What is the tax structure for Federal Taxes on inheritance taxes when you receive money from someone's will?
ScottGem
Jan 6, 2007, 07:53 AM
What do you mean by "tax structure". An inheritance is an inheritance whether by will or not. Under federal law the first 2 million is not taxable.
macdonald
Jan 6, 2007, 08:18 AM
What is the tax structure for Federal Taxes on inheritance taxes when you receive money from someone's will?
Yes, it helped. May I ask where you got your answer from?
macdonald
Jan 6, 2007, 08:18 AM
Yes, it helped. May I ask where you got your answer from?
Debe
ScottGem
Jan 6, 2007, 09:50 AM
Indirectly the tax law. But I've read of that limit in various places during my travels. I think there are probably a couple of threads here where its discussed.
AtlantaTaxExpert
Jan 8, 2007, 01:14 PM
The limits is located in the Internal Reveue Code. You can also get it from Internal Revenue Service (http://www.irs.gov).