Is an executor liable if an heir to the estate receives the inheritance money and owes back child support?
As long as the Executor fulfilled his/her legal responsibilities and administered the estate properly, there is no liability for the Executor.
Columbus, OH
Tax Lawyer at Columbus, OH
Practice Areas: Tax, Estate Planning ... +3 more
As long as the Executor fulfilled his/her legal responsibilities and administered the estate properly, there is no liability for the Executor.
If/when the lender issues a 1099-C, you will required to report the amount on the 1099-C as income on your income tax return.
Unfortunately, it's really too late to get professional assistance at this late date, as the deadline for filing is 10/15. Without knowing more...
What she pays you, minus 1/2 of what you originally paid for the condo, less 1/2 of accumulated depreciation would be taxed as long term capital...
Not clear why you need letterhead and a pay stub. What are you trying to accomplish? Is this in response to an audit inquiry?
The difference between the fair market value (FMV) of the property on the date of death and the amount that you sold it for (contract sales price)...
If you bought the HVAC in 2024, you are required to report that on your income tax return for 2024. ...
Nobody can help you without more facts. If you sold the house in 2022, you should get your 2022 income tax return filed ASAP, as it was due on...
I'm very sorry for your loss. It is probably small comfort to hear this, but you are not alone. Many smart, intelligent, well-educated people...
Nobody can advise you on that over the internet. You need to consult a CPA or an enrolled agent. ..........................................