I'm about to received some inheritance from my father, maybe around USD300k, here's the questions:
1) Is death tax same as estate tax?
2) Does my father has to pay any death or estate tax when he die, if he has less than 1 million worth of total asset.
3) Do i have to pay any inheritance tax if i inherit say USD300k? I research online that i'll have to pay tax on my father's IRA (Tax deffered). But are there inheritance tax on the money from the saving accounts and sale of house etc?
2006-10-31
17:00:58
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4 answers
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asked by
bibi
1