If you're a working american citizen, you most likely have to pay your taxes. As the old adage goes, taxes are a fact of life. Of course, you want your money as soon as possible. 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.
You often hear the terms estate tax and inheritance tax used interchangeably, but the two taxes are not the same.
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Skills to become a good tax attorney.
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Tax attorneys, like members of all professions, vary in their degree of competence. And if you're reading this article, you're probably curious to know what exactly you're paying for. People mailing in the forms are in the minority as people opt for the quicker and easier way to handle their 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.
Some are better than others.
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