|
|
| *Loan,banking and credit>>>inheritance tax |
Is it legal to hide the inheritance money so that you don't have to pay estate taxes? |
This is for homework and I need information on estate taxes. And I need sources if you can give me that too.. No, it is not legal. It is against the law to not pay taxes on inheritance money. That is why it is better ,if you know that you are dying , and don't want your family stuck with the taxes to give it to them ahead of time. Yes it is illegal http://www.irs.gov YEA!!! Uncle Sam need your money no 1 needs a source to know breaking the law is not legal. Of course you can't hide the $$ without risk. The estate must pay; not the recipients. Of course it is illegal. The person receiving the inheritance generally does not pay tax on the money received. The estate tax if any would be payed by the estate of the deceased person. Your question is a little confusing as to who would be hiding money. The following link will give you some help with estate tax issues. You can further explore the IRS site from this link. http://www.irs.gov/businesses/small/arti... It is illegal. |
| Tags |
| child tax cigarette tax corporate tax estate tax import tax inheritance tax pay tax payroll tax property tax real estate tax sales tax |
SiteMap--Copyright/IP Policy--Contact Webmaster For personal non-commercial use only. |