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| *Loan,banking and credit>>>child tax |
Do adult children have to pay for there deceased fathers back taxes? |
Do adult children have to pay for there deceased fathers back taxes? Actually, the estate has to pay the back taxes. If the children want to keep the property rather than the collecting government selling the property off, then the kids will have to come up with the money. If they want to take possession of the property (assuming it's property taxes) then yes, the taxes must be paid or the county will auction it off. Only in the sense that it may come out of any estate / inheritance before the estate is distributed to the adult children.. You don't have to pay his back taxes, but any assets he owned must be use to pay his debts before you can inherit anything. If he did not have sufficient assets to pay all of his debts, you get nothing. |
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| tax year income tax business tax car tax child tax cigarette tax corporate tax estate tax import tax inheritance tax |
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