What is the difference between estate tax and inheritance tax in Maryland?

Answer Maryland's inheritance tax applies to any property passed from a deceased person to his or her beneficiaries, with some exceptions. Maryland's estate tax only applies to estates with a passed on va... Read More »

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What is the Difference Between Estate Tax & Inheritance Tax in Maryland?

Estate taxes and inheritance taxes are collected separately. Estate tax is the tax paid on a decedent's entire estate. Inheritance tax is the tax paid on the money or property a person inherits fro... Read More »

What is the Difference Between Passive or Active Real Estate Tax Status?

Real estate investment losses are categorized by the IRS as active or passive losses for filing purposes. Losses are deductible and offset taxable rental income. Active losses provide a bigger tax ... Read More »

What is an estate or inheritance tax?

The federal United States government imposes estate tax on the value of a deceased person's estate. This tax allows the property to transfer to beneficiaries. In some states, the beneficiaries have... Read More »

What is the difference between a county tax auction&a bank auction for real estate?

A county tax auction and bank auction are two nontraditional ways to buy a home. Both involve auctions, but one is directed by a bank and the other by county tax authorities.County Tax AuctionA cou... Read More »