Do I have to pay taxes 2 my aunt if taxes are already paid? We were just told about our deceased dad's land?
398056
It seems like these issues would have been settled\nduring probate after your father's death.  Since\nyou were a minor, I can understand that your aunt\nmight have been assigned to handle your assets\nuntil you reached majority, but it sounds really\nfishy that you weren't told about the details when\nyou reached 18.  Actually, I think it's pretty weird\nthat you weren't at least *told* about the land when\nyou were 15.\n\nI'm not qualified to give legal advice, but it seems\nto me that the *worst* she could do is to bring a\ncivil suit against you in order to recoup the taxes\nshe paid while you were a minor.\n\nConsider this, though.  Once you turned 18, there was\nabsolutely no legitimate reason for her to continue to\npay those taxes.  Apparently, she volunteered of her\nown free will.  If she had told you about the land, it\nwould have been your responsibility and she would not\nhave had that burden.  I don't think she has a leg to\nstand on for claiming the taxes she paid after you\nbecame an adult.  I wonder if her behavior rises to\nthe level that it would be considered fraud; it *appears*\nshe was essentially trying to cheat you out of your\ninheritance.  Like I said, I'm not a lawyer, so I'm\njust musing about this.
1141202
no u can't u are subjected to pay taxes wherever u might go or which state u settle in. paying taxes is all part of assisting the government in rendering us services, so without taxes u wouldn't have the necessary help from the govern.
1025506
Do not stress because if your properties go to your husband they are spouse exempt for inheritance tax. So no tax to pay.\nAlso any gains on them for captial gains tax are also wiped out on your death.\n\nPlease get a will do not leave this the administration of estates act 1925.\n\nYou may worth getting advice about how to efficiently tax plan on your husbands if he dies first, spending money now will give you the peace of mind that if something should happen to you or your husband there would be the bare minimum liability to tax.\n\nYour husband may have to pay income tax on any rental income received so be wise this aspect aswell.
810842
To see that ALL of the will's directions are followed. You will also have to dispose(sell)  or distribute any worldy goods of the departed one. Also, you will need to see that all the bills of the departed one are paid. The money comes from liquidating assets of the departed one.  You need to take the will to probate and they will direct you in the legal matters.  In our state you can claim 2.5% of all assets for the duties you have performed. This is optional.  I was executrix of my fathers will and did not take the 2.5%. I just divided everything equally amongst me and my siblings after paying dad's bills (including the funeral). Your state might have slightly different laws so check with probate.  I am in Georgia.     m
359467
It depends.  If you are selling items that you purchased with earnings you have already paid taxes on and you are not selling them for more than what you purcahsed them for, then no, you do not have to pay taxes on the money you have reaped from Ebay.  If you have sold these same items for more than you paid for them, in other words, you have actually gained $3,000 over and above what you paid for these items, then yes, you have to report that income and pay the appropriate income tax.
126711
It depends on how much you inherited. There is a special tax form that you'll need to fill out. Go to the IRS website and do a search for the form.
60887
Just the fact that the house was put into a trust for you before your aunt's death doesn't automatically mean that you received it before your aunt died.\n\nIt's possible that your aunt put the house into a revocable living trust with herself as both grantor and trustee.  In that case, you would receive the house when she died and you would receive it with a value based on it's value when you received it.\n\nI suspect you will have to pay taxes on any money you made based on that value upon your aunt's death, if the house was sold at a higher price, since you never lived in the home as your own.\n\nI would suggest you see a CPA or tax attorney and bring a copy of the trust document, home appraisal done upon your aunt's death and the home sale paperwork so it can be determined for sure what your situation really is and what you must do concerning the IRS.
141035
Be very careful. I've been there, done that. It does not pay. Tell friend to go to an aunt or grandparent, you would get in so much trouble for harboring her.  Take care
896085
1) You need to contact the probate court in the county where grandpa lived, and ask for a copy of the probate file. You'll have to pay for the copies, but you will get a copy of the will and any other documents in the file.\n\n If there is no probate file, you or one of your sisters should file to open probate on his estate.  The judge would then order your aunt to produce the will.  If she fails to produce the will, the estate will be distributed according to the intestate (without a will) laws of the state of Florida.  \n\n2) For the law on how the estate should be handled if there is no will, google:  intestate will florida estate\n\n3) probate of the will shouldn't take more than a year in most cases.\n\n4)  She must follow the will.  She cannot change anything in the will if the will is deemed to be valid by the courts.  If the will is found to be invalid for some reason, she would have to distribute the assets as the Florida intestate laws state.
1099746
You have no obligation, morally or otherwise, to pay your parents' debts.  Before you get any inheritance, however, the debts will have to be paid out of their estate.
896356
Yep.  Property Taxes, Whether back or future.  Inheritance tax
1022459
You dont pay estate taxes on anything under $4 MILLION.  so unless your parents have more than that, you wont pay a dime.\nOnly about 1 in 250 people will ever be affected by it.
163936
I don't know what state you're from and the procedures in your state but here in Texas we have appraisal districts that have all the property records so they can appraise all property every year so the government can set the property taxes every year.\n\nAll property is in someone's name, so you should be able to go down to the appraisal district in your county or whatever government organization has the property records, (maybe the courthouse) and get on one of their computers, type in your grandfather's name (maybe even if he doesn't still own the property) and pull up the info.\n\nIf you know the address but not the parcel numbers and need the parcel numbers, you can find this out at the appraisal district.\n\nYou didn't explain much, so if I didn't hit the nail on the head, you can talk to a real estate agent and he/she can no doubt help you with some advice after asking you the necessary questions.\n\nIf your grandfather doesn't own the property any longer, I'm wondering why you're looking for this info.  It seems to me that if he owned property and hasn't been paying the taxes on it all this time, it was probably foreclosed on by the government and sold to someone else to pay the overdue taxes.\n\nIf he still owns the property, he'll have a deed that has all the property info, including the legal description of the property on it.\n\nHope this helped.
506940
If this is being initiated by the tax people, you need to pay your tax bill.  Call the county and have a talk.
609862
No.  You only pay the taxes in the country that you live, work, or own property.  Note the last.  If you own property in two countries, you will have to pay taxes in both countries. \n\nCitizenship does NOT equal taxes.
738122
fIRST OF ALL, IT DEPENDS ON WHAT YOUR MOTHER'S PARENTS LEFT IN THEIR WILL. DID THEY LEAVE THAT LAND TO YOUR MOTHER? IF SO, THEN IT IS PARTLY YOUR MOTHERS. IF NOT, THEN IT GOES TO WHOMEVER IS LISTED IN YOUR UNCLE'S WILL. YOU NEED TO HIRE AN ATTORNEY TO LOOK INTO YOUR MOTHER'S WILL AND TO FIND OUT ABOUT YOUR UNCLE'S WILL.  I NEED MORE INFORMATION THAN WHAT YOU ARE PROVIDING TO HELP YOU.
294639
Upon your mothers death you would inherit the house tax free with a stepped up basis equal to its current market value. At that point you could sell it with little or no tax consequence. If her estate is under the threshold in the year she died, the estate would not have a tax either. Since I don't know the value of her estate, I can't answer that ??. If you sell now, she might have a taxable event if the house appreciated more than $250K since 1999 basis she got when your dad died. \n\nThere are a few wrinkles based upon the info above. If it were my own situation, I know enough to make the decision, in your case you should spend an hours time with a CPA who knows estates & trusts.\n\nIf you want, post your moms basis on DOD in 1999, current value and size of estate and we could hash it out a bit more. However it is still wise to see a CPA.