Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,899,567,204 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

back tax obligation

    0.01 sec.
Ask a Lawyer

Question

Country: United States of America
State: Kentucky

I live in Kentucky. Both of my parents are deceased. My Father died in 1999. My Mother died on 2004. Last week I received a letter from the Kentucky Department of Revenue stating that profit on a Bond had been left off my Mother's 2001 tax return and including interest and penalty, she owes a little over $400.00. She prepared her own tax returns. Due to her small estate (less than 10K) and me being the only relative, her estate was settled within a couple of weeks and has been settled over a year ago. Am I obligated to pay this back tax on her 2001 return? If not, what course of action do I need to take?

Answer

Technicall yes but if you explain that the estate is closed they often will take no further action...


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?   Legal browser?   Full browser?
No references found
 
 
 
Legal Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.