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If you're getting a refund, the clock starts ticking after you file your taxes.
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As the old adage goes, taxes are a fact of life. There are many things to learn to become an expert (this is why we have accountants), but the essentials actually are. Estate tax is collected by the federal government, while inheritance tax is state imposed. It's not always a straightforward process to calculate import duty and tax and, in the united states, it can be especially confusing. And if you're reading this article, you're probably curious to know what exactly you're paying for.
You often hear the terms estate tax and inheritance tax used interchangeably, but the two taxes are not the same.
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Taxes may not be the most exciting financial topic, but they're definitely important.
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