Federal inheritance taxes are imposed on a person who receives a statutory share from an estate.

Name: Federal inheritance taxes are imposed on a person who receives a statutory share from an estate.
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Question

Quizplus · Accepted Answer

Federal inheritance taxes were repealed by the Economic Growth and Tax Relief Reconciliation Act of 2001. Currently, there is no federal inheritance tax. However, some states have their own inheritance taxes. So, the statement is false.

Federal Inheritance Taxes Are Imposed on a Person Who Receives