Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 How Does Tax Stimulus Package Work for Food Stamp Recipiants?

Additional Details
my income is SSI -around 700 per ...


 "single, earned $30,000, paid 2007 taxes- will I get the full 600 tax rebate?"?
...


 Employer failed to send me a 1099 form. What should I do?
I worked as an independent contractor for a small law firm for about 2 months. I don't have copies of my checks or the total amount i earned. They did not send me the 1099 at the end of the ...


 I am due to pay a cheque into my Lloyds TSB bank acc today (Wed). When will I be able to draw on this cheque.?
Dont forget that we loose a working day on Monday, because of the bank holiday and we have Sat and Sun too to account for....


 Is taking fewer deductions to have a large tax refund smart?
My husband insists on rigging his w-4 so that we pay out a lot in taxes and get a 6,000 to 7,000 tax refund every year. While this has been nice and something to look forward to every Janurary, I ...


 Anyone receive their direct deposit tax rebate for 5-9-08?.?
...


 I bet you can't answer this.........?
Can I claim a tax credit if I pay a relative to watch my kid instead of a daycare?...


 What is the average wage in the uk?
and how is it worked out?...


 Can i file for taxes if i work "Off the books" " Under the table"?
Im 21 years old and i have a 1 year old baby, This year i work "off the books" As a cashier at a local Supermarket, I also went to school Full time, Can i file for taxes this year, I made a ...


 Why should i get an allowance?
im trying to convince my mom that i should get an allowance considering i do alot of chores and get really good grades but, i ran out of ideas. any suggestions?...


 Claiming someone on taxes without their permission?
My fiance's mom is not all there in her head. Our Daughter was born in April 2006. She called last night wanting to know if she could claim our daughter on her taxes. There is noway we would ...


 Where is the cheapest place to get taxes done?
I need cheap and close!! And someone who deals with child support being owed!!...


 My babyfather filled the kids for income tax he didn't give me all my share. Should I report him to the IRS?
He received the money and gave me what he wanted to give me an i feel that is not fair b/c without my kids he would have not seen ...


 How money do i get from the tax rebate?
i am 17 and my mother claimed me but i worked all of last year? hmmm .....


 10 bucks says you can't figure out this question about income taxes!!!!!?
ill give you 10$ if you
(1) Show how to file a federal income tax return without waving one's 5th amendment rights
and
(2) identify the section of the Internal Revenue Code that ...


 If i am self employed and pay my wife say 100 pounds in the year does she have to declare this to the tax man?

Additional Details
sorry i mean 1000!...


 Can my Sister claim my son on her taxes?
She tells me because she buys things for him she can, is this true? We did live in the same house but now I moved out....


 What do you think about the Fair Tax?
Would it make taxes the same percentage for all people-poor taxed same percentage as rich?
Additional Details
I found this on Wikipedia.
It shows that a the rich DO get taxed a ...


 Who can file head of household?
...


 Congress passed a bill to give $600 to individuals for tax rebates. I'm 19, but a dependent will I get it too?
...



perplexed
My mother died owing the IRS. The estate does not have enough $ to pay debt. Do heirs inherit the debt?
My grandfather died in 1997. My mother received her share of the estate in 2005. She then died in 2006. She had given away 80% of the cash she inherited before paying any estate taxes. The remaining estate consists of the following: three cars, an apartment held in joint tenancy, and a house that she owned jointly with 10 siblings.

The tax was $100,000 but the estate is worth much less than that.

Will we, her children inherit the IRS tax liability if the estate cannot pay?

By the way, there wasn't a will.

Thanks.
                     
 




boonestudent18
Rating
Yes. Talk to a probate lawyer right now!


♫jmann♫
Rating
if the tax is not payed, then the IRS will seize property, cars whatever is needed to cover the cost


chad_mercure2001
i think so cause the IRS ARE ASSHOLES. they make anyone pay the pentalties but that don't stop anyone from maken money under the table so the IRS don't know.


Eye of Sauron
Rating
You need to have a lawyer look into but no debts are not inheritable. People only owe for their own debts. If the debts are higher than the estate, you will simply not get anything.


Worry?
You need to contact a lawyer. Those that received 80% of the cash may be in for a big surprize from the IRS.


skygreen
Talk to a lawyer. The estate is liable for the taxes if there
is not enough in the estate to cover it after all her stuff is sold, you might not be liable and they would write it off. However if you received money from your mother while she was alive from that money she gave away which should have been used to pay taxes then you and other who received that money from her might have to give that money "back" to the tax collector.


txhypnotist
Yes.


Trey45
Sorry but the above answer is not correct, you are liable for her debts, just like if you died owing credit card bills, your heirs would be liable for them.


AnswerMan
Get legal help! There are taxes that needed to be paid. Not all but some.


tlov71
Rating
My understanding of tax laws is children cannot be held liable for the debt of the parent. However, the government will come and take all of your mothers estate to pay off the debt. This includes the house that her siblings own as well. The siblings may end up with no house. I would suggest to the aunts and uncles to check with a lawyer to find out their rights on keeping the property.


jen
No the only way you are responsible for someones return is if you file a joint return. Please do not pay. I have a friend that paid her dead husbands tax debit and they did not file together. YOU DO NOT HAVE TO PAY. It has been over a year and she is still talking with the IRS to see if they will give her money back. Once you pay it is hard to get back. They can take her stuff. But NOT YOURS OR HER FAMILY. That is her debit not yours!!!!!


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.024
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy