Hi, I have a question about what taxes are due if you inherit an ira and does the law require the taxes be paid before it can be paid out? Thank you:)

If you inherit an IRA, you will pay normal income taxes on the money if it is a traditional IRA. It is likely that there will be no inheritance taxes.

It is also likely the IRA custodian will withhold 20% for federal income taxesbefore they distribute you the rest of the money.