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The value of the furniture forms part of the deceased person's estate. If that estate is liable to taxation in the country in which you live, then yes tax would have to be payed on it.
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Can you file a deceased person on your taxes?
No. A deceased person is not a taxable person. and as such it cannot be filed as taxable person or entity.
If i receive life insurance for deceased husband is it taxable?
No but what you do with the money may be taxable.
What is a persons taxable income?
Persons taxable income is the taxable income of any individual like owners or anybody in normal life which includes salary income, income from any business in partnership etc.
Who gets deceased persons pension?
death
How do you check a deceased persons will?
Wake them up and ask them!
Best definition of taxable income?
The portion of a persons income that is eligible for taxation
Is there sales tax on a mattress in NJ?
Yes. All furniture is taxable in NJ. Mattresses are not exempted.
Do you have to be alive to take a DNA test?
No, DNA can be taken from deceased persons.
Who are the taxable persons?
In the Internal Revenue Code there is a tax imposed upon taxable income and that is defined as gross income or adjusted gross income which amounts to income earned in a taxable year by a taxpayer. A taxpayer is any person subject to any revenue laws. Is that clear? It isn't to me, and I remain astounded that so many people will claim that such circumlocution is clear to them. A tax imposed upon taxable income does not answer what the subject of the tax is. Is taxable income the same as income? If it is then why is taxable income defined as gross income or adjusted gross income but income itself never defined? Is income the subject of the Personal Income Tax Law? Who are the taxable persons? Those persons made liable for a tax are. How do we know who has been made liable to a tax by understanding that a tax was imposed upon taxable income?
Why aren't deceased persons allowed to marry?
Marriage is a contract. A deceased person does not have the legal capacity to willingly enter into any contracts.
Does people that are deceased get there fingernails done?
yes the funeral home usually does a deceased persons nails,and hair and general grooming to get them ready for their "showing"
If you receive a deceased person's pension do you have to claim it as income?
Sure you do have to report the pension amount on your 1040 federal income tax return and the taxable amount of the distribution will be taxed to you in the same way that it was taxed to the deceased taxpayer.
