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This site contains affiliate links from which we receive a compensation (like amazon for example).
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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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Tax Law Book : NAZARENE ISRAEL FAITH, TORAH TREASURE TROVE - NETZARIM : And if you're reading this article, you're probably curious to know what exactly you're paying for.. Here's what you need to know about the new tax law. Estate tax is collected by the federal government, while inheritance tax is state imposed. There are many things to learn to become an expert (this is why we have accountants), but the essentials actually are. 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. As the old adage goes, taxes are a fact of life.
If you're a working american citizen, you most likely have to pay your taxes tax law. There are many things to learn to become an expert (this is why we have accountants), but the essentials actually are.