Tax Law (Questions About Taxes)/Inheritance Tax Question


My family lives in Pennsylvania, and I live in Massachusetts. My father passed away recently, and I closed a checking account that we held jointly, in PA, and deposited the money into a savings account in Massachusetts. I received a notice from the PA Bureau of individual taxes regarding inheritance tax that I will need to pay for this account. Will I also need to file any forms for federal taxes this year?
Thank you in advance, for your time!


Thanks for your question.

Not unless the amount transferred was in excess of $5,340,000.  The Federal government does not have an inheritance tax, but does have an estate tax.  No tax is due unless the value of the estate exceeds $5,340,000.

Hope this helps.

John Stancil, CPA

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John Stancil, CPA


I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I am Professor Emeritus at Florida Southern College. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a CPA practice, specializing in tax, for over 35 years. I am a member of the National Association of Tax Professionals, The Florida Insititute of CPA's, The NCPE Fellowship. In addition I am a Certified Mentor for SCORE. Visit my website at I also offer seminars and consultations to churches and clergy on their tax issues at Also visit my blog, I am listed on Tax Connections at Prepare and file your own taxes at


I hold a doctorate in Accounting, and am a CPA. My certifications of CIA, CFM, and CMA are inactive. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I have operated a CPA firm for over 37 years and have taught accounting and tax at the college level for over 35 years.

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The CPA Journal, Florida CPA Today, Green Consumer, Green Business, Global Sustainability as a Business Imperative, Palmetto Review, NATP TaxPro Quarterly, Mustang Journal of Finance and Accounting.

DBA University of Memphis MBA University of Georgia BS in Accounting Mars Hill University

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