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You often hear the terms estate tax and inheritance tax used interchangeably, but the two taxes are not the same. If you're a homeowner, one of the expenses that you have to pay on a regular basis is your property taxes. There are many things to learn to become an expert (this is why we have accountants), but the essentials actually are. People mailing in the forms are in the minority as people opt for the quicker and easier way to handle their taxes. Taxes may not be the most exciting financial topic, but they're definitely important. Understanding your taxes and preparing your returns can be enough of a hassle as it is, without having to pay for a professional tax adviser as well. And the more we know about them as adults the easier our finances become. We at taxsmith understand that the idea of battling the irs on your own can be scary, but we are here to alleviat.
Their duties ensure that individuals and businesses are paying the correct amount of taxes on time.
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There are many things to learn to become an expert (this is why we have accountants), but the essentials actually are. And if you're reading this article, you're probably curious to know what exactly you're paying for. A tax collector may not be a friend to all but someone has to do the job. Here are 10 free tax services that can help you take control of your finances. We at taxsmith understand that the idea of battling the irs on your own can be scary, but we are here to alleviate. Taxes may not be the most exciting financial topic, but they're definitely important. Contact us today for a free case review. You often hear the terms estate tax and inheritance tax used interchangeably, but the two taxes are not the same.
Estate tax is collected by the federal government, while inheritance tax is state imposed.
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