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www.reference.com/article/calculate-inheritance-taxes-2a9028bc935a78b4

People calculate inheritance taxes on the portion of the estate that they receive by subtracting the state's exemption and then multiplying the remainder by the state's applicable tax rate, as TurboTax instructs. Some states require the executor to file a single inheritance tax return for the entire

www.reference.com/article/irs-calculate-tax-penalty-9ec4ddbafb71fda5

The Internal Revenue Service generally calculates tax penalty at 5 percent of the unpaid taxes for each part of a month or for the entire month a tax return is late, explains the IRS. The penalty starts to accrue the day after the tax filing due date.

www.reference.com/article/sources-estate-inheritance-tax-calculators-177bdf9b254b5fa2

An inheritance tax calculator is available on the Bankrate website as well as on Calculator.net. These calculators show an estimate of the federal tax that is due. There may be state taxes due as well, but these are typically much lower than federal tax rates, according to Calculator.net.

www.reference.com/article/inheritance-tax-9a5a5f133ebbaa94

An inheritance tax is a tax paid by heirs or beneficiaries of an inheritance, according to Investopedia. An inheritance tax rate depends on the value of the asset received or the relationship to the descendant.

www.reference.com/article/inheritance-tax-work-6d40520e982372ed

The inheritance or estate tax is a tax on the right to transfer property at the owner's death. The estate's executor or administrator takes an accounting of everything the decedent owned on the date of death, using fair market value. This is the "gross estate" and if, for 2014, it plus any prior tax

www.reference.com/article/irs-online-tax-penalty-calculator-62fb3994cbb68e4e

The Internal Revenue Service does not have an online tax penalty calculator. However, the agency's official website lays out guidelines individuals can use to calculate penalties that accrue from filing or paying taxes late, according to the Internal Revenue Service.

www.reference.com/article/states-state-inheritance-tax-c5263951abeca707

Six states have state inheritance taxes as of 2015. Iowa, Kentucky, Nebraska and Pennsylvania have inheritance taxes only, while Maryland and New Jersey have both estate taxes and inheritance taxes.

www.reference.com/article/taxes-inheritance-determined-77b9f7963372491e

The estate, or inheritance tax, is the tax on the right to transfer assets at the time of the owner's death, the IRS explains. The estate's administrator or executor prepares an account of every asset the decedent owned on the date of his death using the current fair market value. This is the gross

www.reference.com/article/penalty-filing-taxes-46974a92673be183

According to the IRS, failure to file taxes can result in severe payment penalties. These penalties can grow on a monthly basis, maxing out at as much as 100 percent of the actual tax monies owed.

www.reference.com/article/after-taxes-calculator-60b18b513e7a7b8f

An after-taxes calculator is a calculator used to determine a person's net income, according to Calculator.net. Net income, which is the amount taken home, is calculated by deducting taxes and other deductions from gross pay.