Posts Tagged Taxes
Do You Pay Estate Taxes For The Deceased Plus Federal Taxes On What The Beneficieciers Get As Regular Income?
Posted by james in Real Estate on July 11th, 2009
If someone dies and you pay the estate tax to the state on their assets at time of death (say 4%), do the heirs then also pay a federal tax on the amount that they get distributed from the balance of the estate?
Aministrator Of Estate No Financial Records Of Deceased Uncle. What Do I Do When I File Taxes With The Irs?
Posted by james in Real Estate on July 10th, 2009
I was appointed administrator of my uncle’s estate. I thought he had his financial records…Unfortunately, he died incompetent and no will (intestate)…There are no legal records. I live in KS…He lived in NY. He filed no taxes with the IRS, since 2003. My records began in 2007. What do I do if I do not have any financial records and there is a small estate connected to 2 mortgage notes?