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Who is responsible for back taxes owed by deceased with no estate?
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∙ 11y ago
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Are children responsible for paying back taxes owed on deceased parents house in Michigan?
The estate of the deceased is...of course that may essentially be simply a reduction of what the children would get. But the tax does not go away..the property owes it and if it must be sold to collect it, by the estate (or the tax jurisdcition), it has to be, before clear title can go to anyone else.
If a deceased person receives a letter for back taxes what should his or her relative do?
Pass it to the Executor of the estate. It has to be paid, if there is enough money in the estate, before making any bequests.
Are you responsible for someones back taxes if you claim them as a dependent?
No
Are adult children responsible for tax arrearages of a deceased parent who had no estate?
Tax Responsibility for Deceased ParentsIt could depend on what kind of taxes. If it's US Federal or state income tax, only the person(s) signing the return are liable. If it is property taxes, the house will be sold at auction after it is seized by the tax collector. The IRS/State can take the filer's property, real or personal to be sold for back taxes.More input from FAQ Farmers:In most cases no, because they were not the childrens' taxes, now if there is anything "left" to the children, it may be taken by the IRS or other agency and auctioned off until the debt is paid. Usually they will give the executor of the estate a time frame (sometimes 90 days) to sell off any assests of the deceased and submit payment, after this time is up they come in and auction it for themselves. If there is "nothing left" in possession of the deceased it usually won't fall to the childrens' responsibility unless they possess some of the deceased money or possessions.
Are you responsible for someones back taxes if they claim you as a dependent?
No..you are not responsible for any of someone elss tax actions
Are children responsible for paying back taxes owed on deceased parents house in Michigan?
The estate of the deceased is...of course that may essentially be simply a reduction of what the children would get. But the tax does not go away..the property owes it and if it must be sold to collect it, by the estate (or the tax jurisdcition), it has to be, before clear title can go to anyone else.
Are your deceased spouse's back taxes your responsibility?
The responsibility for any taxes owed will rest with their estate based on business or individual returns. However, if the back taxes were due on returns that included you (joint returns), yes you will be held responsible. You are considered to have gotten the benefit of them not being paid.You would be wise to consult a tax attorney on your situation.
If a deceased person receives a letter for back taxes what should his or her relative do?
Pass it to the Executor of the estate. It has to be paid, if there is enough money in the estate, before making any bequests.
If an individual dies owing back taxes to the IRS are his heirs responsible for the repayment?
The heirs are not personally responsible for the debt, though the spouse may be. The estate has to pay off the debts including taxes. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Can a personal representative on an estate file bankruptcy on behalf of the estate or on behalf of the deceased to avoid paying back taxes?
Estates do not go bankrupt. The assets are inventoried and valued and the debts are listed. The executor proposes a settlement to the court. If it is accepted, the estate is closed.
If a deceased person's car is wrecked and it does not have insurance is the executor of the estate liable if permission was not given to drive it?
The Estate would be responsible for any damages caused by the accident. The Estate would have to sue the driver who took the car to get back any monies paid.
Who pays back taxes when a person dies?
The person's estate is responsible for payment of back taxes. If there are any assets, the debts must be paid before any assets can be distributed to the heirs. If there are no assets the creditors should be notified of the death and they are out of luck.
Is the beneficiary of a life insurance policy responsible for back child support of deceased?
No, you are not responsible for their back child support.
What happens to back taxes if the estate has no money?
If they are property taxes, there is a lien on the property. In those cases the property has to be sold to settle the debts. If there are no assets in the estate, the taxes won't get paid.
Can IRS levy IRA of deceased individual for back taxes owed?
NO! NO! NO! YES! NO!
Are you responsible for someones back taxes if you claim them as a dependent?
No
Is there a state tax lien on real property after the owner dies and if so how is it released?
The state sells the house/property in a auction if the taxes are not paid eventually. All taxes have to be paid. The details vary from state to state but upon the sale of the property, the taxes must be paid by someone.Added: The tax lien becomes a lien against the deceased's estate and when the estate is probated the executor must satisfy the government's lien from the proceeds of the estate (if any).It IS conceivable that the property may have to be sold in order to get the funds to pay the back taxes.
