 If i owe 8 bucks in state tax to ohio, do i have to pay it? |
| it seems like it's too small an amount to go through the ... |
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 If I sell my house and make a profit, How much of the profit goes to tax? |
| The house is in NJ,I lived in this house for 3 months, I got a good offer and I need to buy a smaller house as I took a pay cut.... |
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 Can losses from one company be written of against profits in another? |
| I have a couple of flats which are let out and generate a small income. I recently launched a small business, but things are very very slow. I will have spent about £5000 on the company which will ... |
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| I got my tax return direct deposited way back at the beginning of March. My SS# ends in 13. The schedule says I should get it in the same bank account I received my refund, by today. I just looked ... |
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 I am on disability and won money on a game on TV, how and where do I pay taxes. And can't I make so much? |
| I am on full disability (SSDI), I won $10,200.79 on a game on Television. They are sending me a form to fill out for taxes (think it was 1099?) and an affidavit, once that's sent back I get the ... |
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 Taxes and deductions? |
| I live with my girlfriend and we rent our home. I am not a student. What are the best ways to do my taxes to get the most money back as possible. I need to have enough deductions to get over the ... |
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 IRS is suing me for money what do I do? |
| for the past 30 years no one told me I have to pay taxes and now the IRS is telling me that I owe them some monies??? what do I do?... |
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 Can you file taxes if you had no income, but paid property taxes? |
| I didn't have any income this year, however I paid proprety taxes as well as a mortgage that was mostly interest. Can I file or should I file taxes for the year? Why or why not? My thinking ... |
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 Tax rebate i'm 16 and the tax code is 522L please help me!!!!!? |
i'm 16 and worked for 4 months from aughust 07 - december 07. And i have been gettin taxed . i have only earned £3440
and i am now out of work can someone please tell me if i will get all ... |
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 Should single people be taxed less? |
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 Do you think consumers should start a campaign to boycott gas stations? |
| If we comsumers rallied together and boycotted these gas stations on a rotating schedule. As an example hit Shell stations on Mondays, Petro Can on Tuesdays and so on. Do you think these oil ... |
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 My x partner has given up her shop and know sells all her new goods on eBay and at car boots? |
| She sells christening cloths and baby goods and offers embriodary service is she liable for tax as she doesnt declare it to inland revenue.... |
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 I worked for 2 months during the summer last year and i got my W-2. my mom filed me as a dependent under her? |
| 1. can i still file my income tax even though i was already filed as a dependent under my mom? 2. and if i can, my W-2 was $673 for my Wages, tips, other compensation column. and thats all i'... |
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 What does this mean on my paystub ? |
| I pay child support and i got payed today and i was wondering what does garnishment 1 mean on my paystub? I send it directly to albany myself or is this something else please help never had this on ... |
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uofmfan | Do I have to pay taxes on money that I have inherited? |
A family member of mine recently died overseas and now I'm in the will and money will be transferred over to me. |
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cruiserlck
 |
yes |
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LAW DAWG
|
You will not have to pay any taxes on receipt of the inheritance. To the extent there is any estate tax due on this estate, the estate itself will pay that tax. If, during the time it takes to administer the estate, your portion of the inheritance earns income, you may need to report that income on your personal income tax return.
Sorry for your loss. |
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Cat
 |
Generally, an inheritance is not taxable to the person who receives it. Any income that you would have as a result of receiving the money would be considered taxable though. For example, if you put the money in the bank and earn interest, the interest would be considered taxable.
The executor of the deceased person's estate (or the person responsible for overseeing/distributing the funds) would be responsible for determining and paying any taxes due on the individual's final tax return or estate return, if required.
My sympathy for your loss. |
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Karen H
|
Yes. Depending on the amount, you will have to pay if it's over a certain dollar amount. |
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My Big Bear Ron
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oh honey! You know Big Bro is gonna want a chunk of that. Makes ya wanna cuss, doesn't it?! |
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Shadar
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Yep, there is an inheritance tax. I don't recall if it's at federal or state levels, but you can bet that the government will be there with its hand out for its share of the money. |
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extra_37
 |
Ok...all these answers are totally WRONG. Inherited money comes to the heirs TAX FREE to them. The taxes will already have been paid by the estate. The only tax you will pay is on the income you earn from that money.
The tax laws of the country in which the deceased resides will have different tax regulations than the US, so you may have some foreign taxes withheld before you get it.
Sorry for your loss. |
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unpretty
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yeah maybe for the transfer of money from your country! ask an attorney to make sure! |
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csucdartgirl
|
Yes there is an inheritance tax. You can be gifted up to like $11,000 annually without the giver being taxed.
But as for inheritance, it's something like up to $650,000 without penalty. The numbers change every year. Consult a professional. |
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catnap
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Yes you do. |
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