0
Do you return or throw away a deceased parent's medical bills when they had no assets?
Wiki User
∙ 10y ago
You should not do anything with them. The executor of the estate should make arrangements to void the debt with the provider.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Can expenses made for the upkeep of my deceased parents be claimed on my income taxes?
No deduction on your federal 1040 income tax return for any of the expenses for the upkeep of your deceased parents.
Will surviving children be responsible for paying deceased parents medical bills?
i just lost my aunt and her children had to pay her medical bills.there are programs that will help the children pay them if they cant. * Many times surviving family members will be sent medical and hospital bills after a person has died. However, the children of the deceased or other family members have no legal obligation to pay such debts unless they have agreed to accept the responsibility at the time the person(s) were receiving medical care. Medical bills as are all other debts and assets are considered part of the deceased's estate and are handled according to the state probate laws.
Return on equity equals return on assets?
When the debt ratio is zero
How do you Compute return on assets if total assets where 500000 dollars and net income was 26000 dollars?
Return on total asset = Net Income / Total Assets return on total assets = 26000 / 500000 * 100 Return on total assets = 5.2%
Return on net operating assets calculation?
How do I calculate the return on operating assets?
Is the return on assets ratio computed by dividing net income by total assets?
Yes it is the formula for calculating return on total assets as follows: Return on total asssets = Net income / total assets * 100
Who files tax return for a deceased person?
The executor of the estate files the tax return for the deceased.
How can you obtain very old tax return records of deceased parents?
can i abtain a work history through irs for a deseased parent
What are the Average Rate of Return ARR?
Average rate of return = Net Income / Average Assets Average assets = (opening assets - closing assets) / 2
What does return on assets mean?
Return on assets (or ROA) means how profitable a company is based on their total assets. The ROA is calculated by dividing a companies total earnings by it's total assets. It is often also called return on investment.
Doherty Corporation had net income of 30000 net sales of 1000000 and average total assets of 500000 It's return on total assets is?
Return on total assets = net income / total assets *100 Return on total assets = 30000 / 500000 * 100 = 6%
Could a return on assets show the profit of a business?
Yes, a return on assets, or ROA for short, can be used to show the profitability of a company. A return on assets shows exactly how much profit a company brings in per $1 in assets held.
