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Inheritance Tax

Sent to Tax Experts October 25 2004 at 5:23 PM
   

How is inheritance tax figured? There is a possibility that I will be inheriting a very large sum of money and I am concerned that I will have to pay huge amounts of taxes. Is there anyway to eliminate some of these taxes? I presently live in Alabama.

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Status:  Closed   Value: $5
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October 25 2004 at 5:28 PM (4 minutes and 13 seconds later)
         
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T. R. Miller, The SunTaxMan -- Public Accountant , Tax Preparer -- 100% Positive Feedback on 118 Tax Accepts
30+ years in Public Accounting and Tax Preparation
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