What is the tax structure for Federal Taxes on inheritance taxes when you receive money from someone's will?
What is the tax structure for Federal Taxes on inheritance taxes when you receive money from someone's will?
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.
Yes, it helped. May I ask where you got your answer from?Quote:
Originally Posted by macdonald
DebeQuote:
Originally Posted by macdonald
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.
The limits is located in the Internal Reveue Code. You can also get it from Internal Revenue Service.
All times are GMT -7. The time now is 08:01 AM. |