back tax obligation
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QuestionCountry: United States of America
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?
AnswerTechnicall yes but if you explain that the estate is closed they often will take no further action...
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