Listen to a Business English Dialogue About Inheritance tax return
Sarah: Hey Walter, do you know what an inheritance tax return is?
Walter: Yes, Sarah, it’s a form that needs to be filed with the government to report any inheritance received and determine if any taxes are owed on it.
Sarah: Right, it helps ensure that the proper amount of tax is paid on inherited assets and facilitates the transfer of wealth from one generation to the next.
Walter: Exactly. It’s important to accurately report all inherited assets to avoid any penalties or legal issues.