IRS.gov is the best site for any kind of tax information. http://www.irs.gov/businesses/small/article/0,,id=164871,00.html is an article about inheritance tax that you may find helpful.
No federal tax. You need to consult a CPA or tax accountant to find out if any state inheritance tax applies or not. You did not mention what state this is for.
California no longer collects inheritance tax. This law was abolished in June of 1982. Any inheritance received is tax free in this state.
No, Arizona does not have an inheritance tax. Inheritance tax is a state tax that is imposed on the beneficiary of an inheritance, while estate tax is imposed on an estate before it is distributed to beneficiaries.
No. Minnesota does not have an inheritance tax.
there is no inheritance tax in 2010
do you have to pay tax on inheritance
Virginia does not have an inheritance tax. But they do have an estate tax.
The inheritance tax rate for 2013 has not changed from 2012.The Inheritance Tax threshold is 325,000 and will stay at that rate until 2014-15.To find out more just have a look on HM Revenue and customs website.
In Florida, there is no state inheritance tax, so beneficiaries do not have to pay inheritance tax on assets they receive.
Effective beginning in 2016 Tennessee eliminated the state inheritance tax.
Inheritance tax limits are basically limits of tax that the company has to pay from the inheritance of the dead. This would then regulate the inheritance rate from the life insurance.
West Virginia does not have an inheritance tax.