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No. You will. You may be physically dead, but as far as all business affairs, your alive until your estate is settled. So nobody you want to get anything is getting anything until those you owe, including the tax authorities, take whatever they need.
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∙ 14y ago
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Can you claim your married son on your taxes?
No you can not claim a child who is married
Can you file your 2011 taxes to 2013 filing?
My son didn't file taxes last year 2011. is he still able to claim any of his 2011 taxes along with his 2012 taxes in 2013?
Can you claim your son on your taxes if you didn't work this year?
Yes... for the earned income credit and such. It makes no difference for your income taxes really, as your not paying any.
Can your 18 year old son file taxes if you claim him on your taxes?
Unless the 18-year-old is a dependant because of disability or other factors, generally they are considered an adult and must file their own taxes, and you cannot claim them.
Can you give your married so 10000 to help pay off college dept without either paying taxes?
I take it that you are asking if you can give your son $10,000 to pay off college debt and what the tax consequences may be, right? If this is your question the answer is yes you can. You may gift this amount without any tax consequences at all. You nor he will be responsible for any taxes on this gift. The amount is lower than the amount that will require you to complete and pay gift taxes. Now, you also must realize that you cannot deduct this gift on your tax return in any way as well. It is a gift between parent and child and is never deductible as any type of donation but will not require either of you to report the amount at all on either tax returns.
Will I have to pay taxes on interest that I opened in my son's name?
If your son is under the age of 18, then yes, you are responsible for the taxes due on your son's interest-bearing account.
how to pay irs less then what you owe.?
pay irs less then what owe pay off hospital bills that 98% have been turn over to wortz and lentz then if possible have a storm shelter for protection of weather since i live in a moble home on land with my son
Your son is a full time student and seventeen years old he only made sixty five hundred dollars last year does he have to file taxes?
His job didn't take out any federal taxes will he have to pay taxes
What options are available to recover life estate property when the taxes have been defaulted on and the property is subject to sale in Wisconsin?
The only recourse is to pay the taxes or the state will take the estate and the son will get nothing.
I f I owe back support to my 18 year old son to I have to still pay even though he is 18?
Yes. There is no statute of limitations on unpaid child support.
Can your mother claim your son on her taxes if you owe back child support?
To claim a child as a dependent on your taxes, the child must have lived with you and you must have provided support for over 50% of the year. So the mother in this case can claim her grandson on her taxes if she supported the child for at least 183 days out of the year, regardless of whether or not the mother of the child owes back child support.
Can you buy a house for your son if you already own one?
You can if you have the money to buy it with. In the US you can own as many houses as you like. Of course if you do not pay the taxes on them, you will not own them for long.
What if your son bought a house you are paying for the renovations and you plan to sell it and split the profit Should you form an LLC or pay capital gains tax?
At this time your son owns a house and you are paying for the renovations to your sons house and if and when the house is sold your son will have to report the sale of the renovated house on his 1040 income tax return. You do not have anything to do with the ownership of this house at this time. If you and your son are planning on this being a ongoing business operation then you and he should get the operation set up correctly the way that you both agree to do this. When you have any profits someone has to pay the income taxes and it may not be capital gain taxes.
Can we buy a car in Oregon even though my son only goes to school there and we live in California?
Yes you can, you just have to pay both county taxes, and register where you live now
When Do you Tell your Son How Babies Are Made?
Right now. If he asks, you tell him. You owe him that much.
Your son graduates from HS and turns 18 so child support ends June 15 so do you owe whole month of June or only half?
The whole monthBut if your son is going to college as a full time student...in some states...you are required to pay unitl he graduates from college
Who did people pay their taxes to when Jesus was born?
Taxes were paid to Rome. Some Jewish people took the job of collecting taxes from their countrymen, like Matthew and Zaccheus. These tax collectors were hated and counted as traitors because of their jobs.
