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Sandi Hargrove, SkyHawks
Sandi Hargrove, SkyHawks, Master Tax Advisor, Enrolled Agent
Category: Tax
Satisfied Customers: 1257
Experience:  I am a Master Tax Advisor and Enrolled Agent. I have 40 years experience. Trucking specialist.
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What is the Federal Inheritance Tax on $15,000,000.00.

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Submitted: 12 years ago.
Category: Tax
Expert:  Sandi Hargrove, SkyHawks replied 12 years ago.
 There is no income tax on inheritance unless the money would have been taxable to the decedent.  This would include pensions, IRA or bond interest.
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Customer: replied 12 years ago.
Reply to Sandi Hargrove, SkyHawks's Post: Thank you, XXXXX XXXXX has been very helpful.