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You often hear the terms estate tax and inheritance tax used interchangeably, but the two taxes are not the same.
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If you're getting a refund, the clock starts ticking after you file your taxes.
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Understanding your taxes and preparing your returns can be enough of a hassle as it is, without having to pay for a professional tax adviser as well.
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Other Tax Authorities - Most Common Audit Technique Applied By The Tax Authorities / If you're a homeowner, one of the expenses that you have to pay on a regular basis is your property taxes.. Estate tax is collected by the federal government, while inheritance tax is state imposed. A tax collector may not be a friend to all but someone has to do the job. Understanding your taxes and preparing your returns can be enough of a hassle as it is, without having to pay for a professional tax adviser as well. The beneficiary of a deceased p. Taxes may not be the most exciting financial topic, but they're definitely important.