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And the more we know about them as adults the easier our finances become.
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Estate tax is collected by the federal government, while inheritance tax is state imposed.
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Tax Lawyer / When Gandhi’s Salt March Rattled British Colonial Rule / As the old adage goes, taxes are a fact of life.. If you're a homeowner, one of the expenses that you have to pay on a regular basis is your property taxes. Their duties ensure that individuals and businesses are paying the correct amount of taxes on time. Estate tax is collected by the federal government, while inheritance tax is state imposed. You often hear the terms estate tax and inheritance tax used interchangeably, but the two taxes are not the same. Contact us today for a free case review.