My mother past away June 2013. In March 2014, rcvd a letter from lawyer, saying " The Helen Sylvia Cohen Administrative TRust. There is $125k currently in Helen's trust account, but beneficiaries
cant' rcvd monies subject to an IRS audit
. In such event, said amt will be utilized to pay for possible tax liabilities
resulting from the audit, and/or accounting
and legal fees. In any event, however, any and all funds currently in the Trust account will be held therein until the statute of limitations
by the IRS ends. ....How long is this statute of limitations??? bot***** *****ne.
Assistant: Thanks. Can you give me any more details about your issue?
Customer: All siblings rcvd their monies/trusts right after mom's death...ok fine. Then March 2014 rcvd this letter from the lawyer to advise us
of this $125,684 left, but can't be distributed until statute of limitation for collection by the IRS ends..When does that end? Would like my share of the $125k