Hello, my uncle passed away; and as next-of-kin, my mother wants to pass the estate on to his children. What would be her tax liablity if any?
Hello and thank you for using Just Answer. There is no inheritance tax only estate tax on estate over $ 2 million for 2008. You mother would not have to pay any tax on the estate. If any tax is due your uncle's estate would pay the taxes due. You can read more about estate tax at www.irs.gov/pub/irs-pdf/p559.pdf
10 years self employed , Income Tax Preparation & Representation