Yes, you will have to pay taxes. You can take the money lump sum and pay the taxes this year, or you can roll it over into an inherited IRA and pay the taxes as the money is distributed. You will be taxed at your normal marginal tax rate.
No. My mother would not let me let you claim her on your income tax return. Even if I could claim my mother on my return I would not let you claim her on your return. My mother will be claiming herself on her own return. Nice try though. If you are interested in possibly claiming your own mother on your own return, I would recommend reading the Form 1040 instructions for line 6c, step 4. In a nutshell, if your mother lived with you all year, had minimal income, and you provided over half her support, you may be eligible to claim your mother on your return.
No
To write an authorization letter for your salary to be claimed by your mother, simply address it to the person in charge of distributing the payroll. State that your mother will be picking up your pay, provide your mothers name, your name and a telephone number where you can be reached.
My mother and i have a joint savings account my mother passed away does the money in the account become part of the estate
You won't believe this until you check with someone and verity it. If your mother gives you a gift of more than $13,000, your mother owes gift tax on the amount over $13,000, not you. You do not even claim it as income. See link
thay have inherited everythink
The gene for baldness is inherited from the mother .
mother
Mitochondrial diseases are exclusively inherited from the mother because mitochondria, the energy-producing structures in cells, are passed down from the mother's egg cell to the offspring. Sperm cells do not contribute mitochondria to the embryo, so any genetic mutations in the mitochondria will only be inherited from the mother.
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They are same animal as mother
bravery
Mitochondria is inherited by mother. Every one comes from mother
Mitochondria are inherited from mother. No from the father
Patronymic names are names inherited from your father. were as Metronymic names are names inherited form your mother.
Inherited or genetic diseases can be inherited from either side of a family. Some diseases tend to inherit through a mother, some through a father, and some from whichever parent carries the gene regardless of sex.
This question cannot be answered without knowing the characteristics of the mother, father, and calf.