Get Answers About Inheritance Taxes

Inheritance sported in a 1099

In the state of TN I do not have to pay inheritance taxes. The attorney is reporting my inheritance on a 1099. Do I have to claim this as income. My inheritance was from the sell of a home 65000 and 45000 from...

Asked 1/25/2011 | Answer This | 0 Answers | See Question

Will we have to pay inheritance taxes on our inheritance in TN?

We recently cared for our close friend that passed away. He left us 100,000 as our inheritance. We live in TN. This money was from the sell of his home and checking account. Will we have to report this as income...

Answered 1/25/2011 | Answer This | 2 Answers | See Question

Are inheritance taxes public record?

Asked 1/11/2011 | Answer This | 0 Answers | See Question

Inheritance taxes

If we inherit money in california, will we be required to pay taxes?

Asked 9/13/2010 | Answer This | 0 Answers | See Question

Will I have to pay capital gains taxes on inherited home in Texas?

Question Submitted 559 days ago .. Morals551 New User (1) Inheriting property I was told there is no inheritance tax on property as long as it wasn't sold, is this true? Share | Abuse |...

Asked 9/7/2010 | Answer This | 0 Answers | See Question

Taxes and Joint tenancy after death of one party

If one joint tenant dies, the other automatically assumes total ownership of the property. What sort of inheritance taxes are involved herein? Does the survivor pay taxes on the half the he/she inherited? Does...

Asked 8/16/2010 | Answer This | 0 Answers | See Question

Is inheritance taxes due from a CD with a beneficary named thereon?

Person died and when CD's were issued previous years a beneficiary was named in case of death. The person has died and now the CD's can be given to the beneficary. Is any taxes due to the Federal or State...

Asked 6/27/2010 | Answer This | 0 Answers | See Question

Inheritance taxes in UK

I have been left a sum of money from my aunt in Scotland but I reside in the USA and I am a citizen here now - do I have to UK taxes on this money or US taxes or is there a threshold where you can get the money...

Asked 6/14/2010 | Answer This | 0 Answers | See Question

What is the maximun inheritance that you can receive before paying taxes on it?

I am to inherit approx. 200000$. Will I have to pay gift or inheritance taxes on this money on the Federal & state levels?

Answered 5/29/2010 | Answer This | 2 Answers | See Question

Inheritance taxes

I recieve $30000 dollars from an inheritance, is this money taxable to the federal government

Asked 5/11/2010 | Answer This | 0 Answers | See Question

Do I pay inheritance taxes on money inherited from Scotland

I have inherited money from Scotland...am I taxed on this when I bring it in to Illinois?

Asked 5/8/2010 | Answer This | 0 Answers | See Question

Do we have to pay inheritance taxes on house sold that was left to children?

Myself and 2 siblings were left my mothers house and cds.we sold the house in june. for 60,000. do we have to pay inheritance taxes individually?if we do what tax form do we use?

Answered 4/23/2010 | Answer This | 2 Answers | See Question

Inheritance Taxes

I am getting a large inheritance tax and the Canadian renevue are telling me that they are going to take 5% of it can this be true

Asked 4/20/2010 | Answer This | 0 Answers | See Question

Inheritance taxes in Wisconsin

Hi, my mom left a will stating my stepdad get 1/2 of proceeds from sale of home and myself and 2 sibs split the other half. The home is in Minnesota where she resided and I live in WI. If the home sells for listing...

Answered 4/12/2010 | Answer This | 1 Answer | See Question

Beneficiary on a home that has a mortgage. What are my responsibilites and entitlements?

I am the beneficiatry of my father's house which has a mortgage. When he passes, do I automatically inherit the home and continue to pay the mortgage, taxes, etc. or is it necessary to have my name on the...

Answered 3/24/2010 | Answer This | 1 Answer | See Question

How is the inheritance taxes changing in 2011, and does this only apply if the inheritance is $1,000,000 Thankyou

How is the 2011 inheritance taxes changing, and does this only apply if the inheritance is 1,000,000 Does this also apply if you are inheriting a home? Thankyou

Asked 3/21/2010 | Answer This | 0 Answers | See Question

How do you know if you have to pay Inheritance Tax in Louisville Ky, What are the guidelines?

A lawyer is telling me that I have to pay Inheritance Taxes on money and items my mother left me and my brother. How do we know that is correct? My aunts are telling me when they split my grandparents estate...

Asked 3/14/2010 | Answer This | 0 Answers | See Question

CAn I avoid inheritance tax by investing my Mom's money in Collectable Gold Coins before she dies.

My Mom's net worth is about 2.5 milliion. I have power of attorney, I am taking care of my Mom, paying bills, hiring lawyers, CPA's etc. She is 84 and no body in her family has lived past 85. If I make...

Asked 2/25/2010 | Answer This | 0 Answers | See Question

Is there a cut off amount that taxes don't have to be paid by receiver

How much are inheritance taxes in Ohio for the receiver

Asked 2/22/2010 | Answer This | 0 Answers | See Question

Inheritance tax question with mother who lives in Pennsylvania

If my mother passes, my sister and I will inherit approximately $750,000 split 50/50 in cash on deposit in a bank. She lives in Pennsylvania. Will we have to pay any inheritance taxes, gift taxes, etc. on these...

Asked 2/21/2010 | Answer This | 0 Answers | See Question

Are inheritance taxes 50% rate

Is inheritance taxed at a 50% rate

Asked 2/20/2010 | Answer This | 0 Answers | See Question

Dad pasted four brothers have equal shares what is the taxes for inheritance under200,000

Inheritance taxes

Asked 2/11/2010 | Answer This | 0 Answers | See Question

I reside in the state of Arkansas. My mother's estate will probably be valued at no more than 600,000 to 700,000 at the time...

Should I be concerned about inheritance taxes? It is my understanding that states are phasing out inheritance taxes and I do not believe that my state even has them. It is also my understanding that the limit...

Asked 2/2/2010 | Answer This | 0 Answers | See Question

Will I have to pay income taxes or inheritance taxes on $40,000 received from my father's social security?

Will I have to pay income Taxes on $40,000 received from my father's social security that he never collected? He has recently passed away, and the Social Security Admin. contacted my siblings and I. They...

Asked 1/25/2010 | Answer This | 0 Answers | See Question

What is inheritance taxes to heirs from Ira's

Is there a percentage or flat rate that has to be paid upon inheriting Ira's

Answered 1/19/2010 | Answer This | 1 Answer | See Question

Federal and state inheritance taxes

Are spouses exempt from federal and state inheritance tax? I am in Oregon and need to know if I will not only lose my husband, but my home as well.

Asked 1/15/2010 | Answer This | 0 Answers | See Question

How long should it take for a will to be settled after the inheritance taxes have been paid in pa

All taxes were paid and information submitted to the inheritance tax dept in aug. How long should it take for the estate to be settled.

Asked 11/17/2009 | Answer This | 0 Answers | See Question

NY Tax Waiver Form

I need an Application for a New York Tax Waiver for Inheritance taxes? My mother passed away in Ocober and her total securities amounted to $45,000.

Asked 5/18/2009 | Answer This | 0 Answers | See Question

Inheritance taxes on joint property?

If my farm were put in joint name with my husband, would its value still be be included with the rest of my estate (which is in my name only) for inheritance taxes? The rest of my estate is willed to my...

Asked 3/13/2009 | Answer This | 0 Answers | See Question

How best to protect parents' home from Federal & NYS estate & inheritance taxes?

Parents are in mid-80s with cancer. They have a will which does not yet include their home. Is it best to put home in names of 4 children now or will "look back" law apply & if so is it 5 years look...

Asked 3/4/2009 | Answer This | 0 Answers | See Question