if someone in Saginaw,mi united states were to inherit $100,000.00 ,would they have to pay inheritance taxes?
Jan.28, 2010 in
inheritance taxes
Never
The estate settles any and all tax liabilities
Heirs are never taxed
Never
The estate settles any and all tax liabilities
Heirs are never taxed
January 28th, 2010 at 6:52 am
Never
The estate settles any and all tax liabilities
Heirs are never taxed
References :
retired cpa
January 28th, 2010 at 7:16 am
There is no federal "inheritance tax." Any estate tax is paid by the deceased’s estate prior to distribution of the assets. Don’t know about MI state taxes.
References :