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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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The internal revenue service provides information about typical processing times as well as a way of checkin. Estate tax is collected by the federal government, while inheritance tax is state imposed. If you're a homeowner, one of the expenses that you have to pay on a regular basis is your property taxes. A tax appraisal influences the amount of your property taxes. Taxes may not be the most exciting financial topic, but they're definitely important.
Here's what you need to know about getting a tax appraisal.
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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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