This is a very interesting question. If someone dies and owes money to the IRS, the Executor (the person who takes responsibility for the deceased person's estate) is then responsible for settling the person's debts (using the deceased person's estate, not their own money or assets). The Executor is responsible for collecting and arranging for payment of debts of the estate and approving or disapproving creditors' claims. The money in the estate must be used to pay off the person's debt. If, however, the deceased person does not have any money in the esate to be able to pay off the tax liability, the debt DOES NOT transfer to the Executor UNLESS there was a joint liability with the deceased (if the Executor is the widow or widower of the deceased, and the two had filed joint returns, the liability will be assessed to the Executor). Otherwise, the Executor will need to contact the IRS, provide a death certificate and evidence that the estate is unable to pay off the liability. The debt should then be canceled once and for all. For information on claiming a refund for a deceased person, you'll need to file a Form 1310. You can visit the following link to the IRS website for more information: http://www.irs.gov/taxtopics/tc356.html If you'd like to contact me with more tax questions, visit my website: http://www.taxreliefsolutions.com Thanks! Brent
It depends on the situation. If you have a qualifying dependent that you support you may qualify to file as a widow(er) for the next two years. This filing status gives you the same exemptions as married filing joint. Check with your tax preparer or accountant for details.
This will vary from place to place
people in America pay taxes on earned income for a given year on April 15 of the next year
Taxes are used to pay for all the services and obligations of the government they go to.Some are earmarked for certain things, (like social security payments), some are put in a general fund, where they are used for many things (paying for the armed services as an example, aid to the needy, maintaining property, etc).The government does not make money in the sense a business does. it cannot really turn a profit....as it only has expenses it must pay. If it has extra income from taxes (which generally doesn't happen), it would use those funds to lower taxes the next year.
a tax where the more the make the more you are taxed. For example, a person who makes $100,000 gets taxed more than someone making $30,000. Graduated taxes are usually broken up into percents, ex 15% on first $5,000, 20% on the next 6,000, ect.
rick dies.
everything will happen... a babie is born a person dies some immegrants
Not if you are the fiduciary of the estate.
someone dies and they have a funral for that person...
Typically property that cannot be claimed by kin when someone dies goes to the government. If money is owed on the house it is given to the bank.
Unless other arrangements were made, the rights would pass to their next of kin.
If someone says that, it means that they don't know whensomething will happen. It will happen soon. They know it will happen, but they don't know if it will be tomorrow, next week or next month. Usually, it's very soon - not next month or a year from now.
If someone says that, it means that they don't know whensomething will happen. It will happen soon. They know it will happen, but they don't know if it will be tomorrow, next week or next month. Usually, it's very soon - not next month or a year from now.
Next would be the Vice-President, and then the Speaker of the House if something where to happen to the Vice President.
the next landform that will happen? the next landform that will happen is by weathering
Firestar dies and brambleclaw does not come the next leader
The Governor can appoint someone to take his place until the next Federal election comes about.