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Q: Do you need a tax waiver in ny state in order to inherit monies left to you?
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Do you have to pay inherit taxes on money willed to you in NC?

If you inherit money willed to you in the state of North Carolina, you must pay taxes on the money. Inheritance taxes are more than regular employee taxes.


What is A state tax on purchases made by the state's citizens from vendors outside of the state is called?

it is a mail order tax....


Will you owe any state or federal income tax on the remaining inheritance after paying the NJ inheritance tax?

If you inherit something like a tax-sheltered account, you may owe income taxes when you make withdrawals from the account. Examples are a traditional IRA or a 401k. If you inherit property that has gone up in value since the date of death, you may have to pay tax on the increase in value when you sell it. If you inherit US Savings Bonds on which the previous owner has not been paying taxes annually, you may owe income tax on the interest when you cash them in. If you inherit corporate bonds, you may have to pay income tax on any interest payments after the date of death. But, in general, you do not owe income taxes on an inheritance.


Can a creditor tax your tax refund?

Not just any creditor can intercept your tax refund, but there are certain instances where your money can be seized to secure uncollected debts. Your federal refund can be intercepted for debts ascertained by the Internal Revenue Service, certain federally guaranteed student loans, past due child support, or monies owed to any government or state agency (such as payback of food stamps or even indebtedness to the state department of revenue). Interception of state refunds vary by state, and some instances where your state refund may be applied to a debt may include but is not limited to taxes owed to the state, hospital bills or even past due utility bills.


What taxes are not with held under section 125?

Under IRS Section 125 eligible expenses such as medical premiums can avoid income tax (both federal and state), these monies through the use of a Section 125 plan also avoid FICA (Social Security and Medicare) taxes on both the employee and employer matching contribution. Federal Unemployment Tax is exempt and in most cases State Unemployment Tax however depending on the state in can be classified as either a tax or insurance so you will need to determine the state for eligibility. For a list of states that have specific requirement see related link.

Related questions

Can you still drive with a cdl if you are on insulin in New York state?

You would need to get a medical waiver in order to do this.


Who is responsible for safekeeping and investment of state monies?

The state treasury.


Who provides the victim compensation monies?

The state government.


What are your rights as returning monies for service that was not rendered out of state?

you have no rights


This officer is the responsible for the safekeeping and investment of state monies?

TREASUR


What is an inheritance tax waiver?

An inheritance tax waiver is a document that releases an estate from paying certain taxes on inherited assets. It may be required by the taxing authority before the assets can be transferred to the inheritors.


Can a convicted felon inherit in the state of Ar?

As long as a convicted felon is not incarcerated, they can inherit money and property.


Which state has the big Sioux Missouri Mississippi Des monies river?

Iowa


State took out all monies from personal savings and business checking accounts for back child support. Can the State take monies from my business account considering that this is vital for operation?

Absolutely! Family Court protects the welfare of the child.


In the state of washington- does the remaining spouse inherit all property?

The state of Washington is a community property state in which property owned by a married couple has joint ownership. Therefore, a remaining spouse will inherit all property.


What happens in NY State if the beneficiary kills the testator in order to inherit?

Generally, a person who kills another cannot benefit from the death. For example, a husband who murders his wife cannot inherit from her estate. It would pass to her other heirs. A son who kills his father cannot inherit from his father's estate. A sister who kills her brother in order to get his inheritance will lose her right to benefit from the estate. All the above mentioned murderers must be found guilty in order to be barred from inheritance.


Does a legal waiver protect a ski resort from being sued?

This is not the answer you are looking for ... but it depends on many factors. It depends on your state's law. Also, is the waiver for an injury or stolen equipment? Is it simply printed on the back of a lift ticket, or on a rental form for ski equipment? Or did you enter a ski race and sign a waiver for that specific purpose? In general, waivers do hold up in court provided you made a choice to do the activity and entered into the waiver to do it. But again it depends on the law in your state.