Can the IRS take auto insurance wrongful death payout to a spouse for a tax lien against the deceased?

It depends on a lot of factors, including who is the named beneficiary of the insurance proceeds - the spouse or the estate of the deceased. If...

Can the IRS Levy your past tax debt from a personal injury settlement?

Yes. The IRS can levy any liquid assets, and likely placed a lien on all assets (current and future) at the time the tax was assessed and unpaid....

It depends on the type of pension. A "traditional" defined benefit pension plan - where the employee receives a payment every month for life, will...

Can you use the capital gains exemption for your spouse if they passed away this year?

Surviving spouses may exclude $500,000 of home-sale profits from taxes if they sell the house within two years of their spouse’s death, as long as...

On occasion, the IRS will do a soft pull to validate your identity or to identify and validate information . It will not impact your credit score,...