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Can you pay a deceased IRS tax bill using your own personal checking account as opposed to an estate account?
Wiki User
∙ 9y ago
Generally speaking, the IRS does not care where the money comes from. However there are several issues with doing this. The abililty to prove what it was for is one. The process to straighten it out if there is a mistake is another.
Wiki User
∙ 9y ago
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Money Saving Aspects of a Checking Account?
While opening a checking account might not seem like an activity that requires much thought, there are some things you might want to consider before you do. Just walking into a bank and telling a customer service representative that you want to open an account, without first considering some important facets of a checking account, could cost you time and money. Here are some aspects of a checking account you might want to ponder before choosing an account that’s right for you. Minimum Balance Some checking accounts require you to maintain a minimum balance. If your account drops below this balance, you may be hit with a fee or fees. If you are likely to bring your checking account perilously close to zero each month, you may want to reconsider an account with a minimum balance attached to it. Interest Some checking accounts come with an interest rate. Albeit, these rates are not likely to make you rich, these days, earning something on your money may be better than nothing at all. While these accounts often have certain restrictions or requirements attached to them, if you are looking to make a little extra cash while your money is in the bank, choosing a checking account that pays interest upon your balance might be right for you. Replacement Checks Depending on your bank and how many checks you write, getting replacement checks for your account could be a costly activity. You might want to review how much replacement checks provided by your bank will cost as opposed to ordering them through an outside provider. When making this decision however, you should also consider the cost savings of an outside provider versus having to send your personal and account information to someone outside of your bank. Debit Cards and Overdraft Coverage Finally, you will likely want to determine whether you will be utilizing a debit card attached to your checking account. If you decide this is something you would like to do, you will also probably have to decide whether you want to protect yourself from overdraft fees. By linking your checking account to a savings account, you may better be able to cover checking charges that could leave your account balance in the red. Disclaimer: The writer is not a licensed financial professional. The information provided in this article is for informational purposes only and does not constitute legal or financial advice. For financial advice, readers should consult a licensed financial advisor. Any action taken by the reader due to the information provided in this article is at the reader’s discretion.
What is a personal use aircraft?
An aircraft (plane, etc) that is used for personal reasons, as opposed to commerial reasons (to make money).
Why is checking the lights of the networking device that connect to the ISP important?
It can tell you if the ISP is the issue, as opposed to your computer or your own network at home.
What is the benefit of getting the Avon brand opposed to the others?
Avon is a personal brand. If you have loyalty with your Avon dealer then you will have a more personal experience getting it from her.
Why was allende was opposed in Chile?
He was opposed on account of his socialist leanings. As a result the US CIA supported General Augusto Pinochet in removing him from power to keep Chile from "going socialist".
Why is checking the light of the networking device that connect to the ISP so important?
It can tell you if the ISP is the issue, as opposed to your computer or your own network at home.
Why was allende opposed Chile?
He was opposed on account of his socialist leanings. As a result the US CIA supported General Augusto Pinochet in removing him from power to keep Chile from "going socialist".
Pros and Cons of an Online Checking Account?
Most people are only familiar with traditional checking accounts. They drive to the bank for basic needs, use the ATM, write checks, and some use a debit card. Online checking accounts are becoming more prominent, and they have many great benefits. There are different kinds of online checking accounts with various features that may benefit some individuals. Here are the pros and cons of an online checking account.The worst part of having an online checking account is that there is no physical branch that can help you. You can’t go to the bank to get a bank check, cash in change, get something notarized, deposit checks, etc. If basic functions such as depositing and cashing checks, or getting statements is something you do often, an online account might not be right for you. However, if you only need these features on a rare occasion, you could keep a checking or savings account open somewhere to get these features.The benefits of a online account come when you look at the individual online checking account offered. High interest accounts are available where you can earn a very high interest rate on up to a certain balance if you fulfill certain monthly criteria such as having direct deposit, using your debit card 10 to 15 times, getting online statements, using online banking, and and using online bill pay. There are also ordinary online checking accounts that don’t offer high interest, but they have better overdraft fees. For example, ING Direct’s Electric Orange charges you based on an interest rate of the amount you are over. This means you could be paying pennies if you pay it back right away as opposed to $25 to $35 for each overdraft.Online checking is convenient for those who have online savings accounts already. Where normally you would have to wait a couple days for the money to be transferred from your savings to regular checking, if it’s with the same bank, it can be instant. You can usually get the money from an ATM or with a check. Some give you a checkbook, and others will mail out checks for you. Either way, if it’s a fit for you, it can make maintaining your checking account much simpler.
How do you spell the word for milk?
The term used for milk products is "dairy" (as opposed to diary, which is a personal journal).
What are the advantages of personal car leasing compared to buying a car?
Buying a car has many advantages as well as disadvantages. Opposed to buying a car you have to pay a lot of money compared to leasing. In the end, it all depends on the balance of your bank account and how much do you think you should spend.
How do you find out who the executor of your grandmas unclaimed money is when she did not have a will?
If your grandmother is still living, you can't. If she is deceased, the executor of the will is required to notify you if you are in the will. If there is no will, and your parents are deceased, then you should contact the probate court and/or executor.
What typically doesn't have an inventory account?
Like what type of business? An accounting firm wouldn't have an inventory account. A manufacturer would have an inventory. Think of it as if a company is selling a product as opposed to services they would generally have an inventory account.
