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Is the executor personally responsible for delinquent federal taxes of the estate?
Wiki User
∙ 11y ago
They are not personally responsible. However, they could be held liable for violation of fiduciary duties.
Wiki User
∙ 9y ago
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What is delinquent federal debt?
Delinquent federal debt is debt by the government which has not been paid on time. This is generally a result of a unbalanced budget.
What age does federal taxes stop?
Where I live the executor of your estate will have to file your Federal taxes after you die.
Are the parents of a deceased adult son responsible to file federal tax returns when the person died intestate?
The executor of the estate is responsible. They are required to file a tax return for the deceased. It may be a good idea to consult a tax attorney before doing this.
Can your federal refund be taken for student loans?
For delinquent gov't insured or guaranteed loans.
What is mileage allowance for the executor of a will?
Currently the Federal Government authorizes 55.5 cents a mile, which unless limited by state law could be justified by the executor.
When was Committee for a Responsible Federal Budget created?
Committee for a Responsible Federal Budget was created in 1981.
Federal agency responsible for regulating the airline industry?
The federal agency responsible for regulating the airline industry is the Federal Aviation Administration (FAA)
Will you get a refund if your federal tax refund amount is larger than the amount of a delinquent student loan?
Yes this is possible
Are executor fees taxable?
Executor fees are considered income. As such they are subject to income tax at a federal and state level. Depending on the situation, it may be beneficial to waive the fees if the executor is inheriting a part of the estate. Consult a tax attorney or CPA.
Who is responsible for the federal prison inmate locator?
Nowadays who is responsible for the protection and work with the federal prison inmate locator?
Is an executor fee taxable?
It is considered income. That means it is subject to city, state and federal income tax.
What federal agency is responsible for managing inflation?
the federal reserve board
