| inheritance tax |
| I got a inheritance from the state of ca.i live in pa will i have to pay tax on it? |
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Hi mike!
California may charge you tax if the monies were from a deferred tax type of account such as an IRA or 401K. (The IRS will also....... |
| Inheritance taxes... what do you think about them? |
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If I am taxed all my life, why should the money I leave my children be taxed when I ALREADY PAID TAXES ON IT??...... |
| Inheritance Taxes? |
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The U.S. Federal Government does not tax any inheritance. They only tax estates. Some state governments tax inheritance and some tax estat...... |
| Inheritance taxes? |
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It all depends its in cash , I don't see any taxes but your question is to broad . Please make it more specific or contact your local ta...... |
| Is money received from inheritance subject to Canadian tax? |
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Go on the web to the canadian treasury department site. Make sure you understand specifics about the inheritance. and also remember to use...... |
| An Escape route from inheritance and capital gains tax!? |
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Having visited the Isle of Man, I say I'd rather pay the tax than suffer going back....... |
| Tax on an indirect inheritance? |
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Actually, the gift tax exclusion is $12k per year now so you are clear. However, for an example (using the old numbers) see below.
If yo...... |
| Is income tax taken out of any inheritance received? |
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If you inherit money or other valuable assets in a Will, there could be tax payable on the estate it came from. It would be normal for the ...... |
| Is income tax taken out of any inheritance received? |
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No. Also the estate does not pay any tax unless it is a very large inheritance, I'm not sure of the amount, but it is over $250,000 and...... |
| Do you have to claim or pay income tax on $10,000 on Inheritance ? |
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No, you don't have to claim it on your income tax or pay any taxes on it. But once you get it, any income you earn from it is taxable....... |
| What is the tax on 50,000 in CDs inheritance? |
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No estate tax is due for an estate under 2 million. If the 50,000 was a specific bequest it is income tax free. If it is part of the estat...... |
| Can inheritance money put me in a higher tax bracket? |
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No (outside of additional income it will generate). Inheritence and gift taxes are separate from income tax....... |
| Do I have to file a tax return if i only had inheritance income? |
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Receiving an inheritance in itself isn't a taxable event. However, if the trust that was holding the inheritance before it was distribut...... |
| If I receive an inheritance in Missouri, will I have to pay tax on it? |
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No. Unless it was put in a trust and held there. then you would receive a Form 1041 Schedule K-1 with the income earned on the inheritance...... |
| If i get married on holliday in europe will it be legal in the u k i,e will she pay inheritance tax from my |
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Marriage should be legal with all assets and liabilities....... |
| My siblings and I shared an inheritance what tax form should we use? |
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First, I would be careful to check that the full amount is taxable. If your father had any basis in the pension then some of the amount may...... |
| Does the irs tax an inheritance? |
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Generally speaking, if "inheritance tax" is due, it is paid by the decedent's estate before the assets are passed to the heirs...... |
| Does one pay capital gains tax on inheritance from a trust set up more than 7 years before death of legator? |
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Depends - what type of trust (discretionary or interest in possession are most common), what assets (and where), have the assets now come di...... |
| Do you have to pay tax on inheritance? |
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A wonderful mix of answers that have thoroughly mixed the estate and gift tax with the income tax question. Spicertax is right on the mone...... |
| Do you ever have to pay tax on inheritance money from a family member's death? |
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If you got a 1099 form for it I am pretty sure you have to claim it as income, in one way or another. I would recommend talking with a tax ...... |
| I am receiving 30 grand in tax free inheritance. I am older & in college but have no retirement. ? w/$-ideas? |
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Everyone has their own unique situation.
There are investment strategies that can multiply that money for your retirement and your kids c...... |
| Inheritance (from overseas) tax? |
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For Federal income tax the value of the inherited property is tax free. If the money was in an overseas bank for six months after the date ...... |
| If my father was to give me 拢8,000 to 拢10,000 as a gift. Would I have to pay Inheritance/Capital Gains Tax? |
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Yes i agree with the 7 years. You have an annual allowance of 拢3,000 (total not to each person) in each year that will never be taxed (you c...... |
| Is there a tax on an inheritance when the receiver is not a family member? |
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At the federal level their really is no such thing as an inheritance tax. Rather, there are the highly complex statutes regarding transfer ...... |
| Does a person over 65 in the state of Texas have to pay an inheritance tax? |
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If you are the receiver of the inheritance, the tax has already been paid by the estate. The money you received is tax-free. My condolence...... |
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