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My mother left me as the beneficiary on all of her assets.
My mother left me as the beneficiary on all of her assets. However these assets are all be distributed among my 4 siblings and myself. Should I have submitted 1099 forms to each of my siblings for the… read more
Jason M. Tyra, CPA
Jason M. Tyra, CPA
Principal
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I am the beneficary of my mother's bank account, but I need
I am the beneficary of my mother's bank account, but I need to distribute the funds equally to my siblings. Is there a form that I can provide so that I don't incur all of the tax liability? Thank you… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
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My father passed away and left me his 401s .What is the tax
my father passed away and left me his 401s .What is the tax on the money I pull out and how do report it. Ty… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,814 satisfied customers
My wife and I made a last minute IRA withdrawal in 2014 to
My wife and I made a last minute IRA withdrawal in 2014 to cover an infant adoption that was finalized in 2015. Is there any way to defer the taxes on the early withdrawal, until 2015 or avoid the tax… read more
Lev
Lev
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Bachelor's Degree Equivalent
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Good Evening! Wondering if you can help me! My grandparents
Good Evening! Wondering if you can help me! My grandparents passed away fairly recently...we lost my grandfather two years ago and my grandmother a few months ago. Many years ago, there was a will pre… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
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I am the personal rep for the small estates of both my late
I am the personal rep for the small estates of both my late mother and father, who passed away last year in that order. I opened bank accounts using EIN numbers in the name of the estate of each of my… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I put my mothers money in an annuity, and she passed away in
I put my mothers money in an annuity, and she passed away in Nov. of 2010, so I took $58,000 out of her annuity, and it was wire transfered to my checking account. I wrote 2 checks to my brother and s… read more
Bill
Bill
Master's Degree
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My husband and I divorced in 2006, he died in 2010. He left
My husband and I divorced in 2006, he died in 2010. He left one beneficiary, our daughter on a retirement account through his former employer. She and I agree those funds should come to me and not to … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,814 satisfied customers
My father passed away last year. My sister, is handling the
My father passed away last year. My sister, is handling the estate. She tried to retrieve the money from his IRA at TD Ameritrade to put into the "family trust". From there, all of the funds would be … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I had recievied an inheritance from my Dad. Out of about
I had recievied an inheritance from my Dad. Out of about 60,000 dollars, they took out about 6,000 in taxes. I am also on Social Security disability. I heard that I may be eligible for a refund of the… read more
Lev
Lev
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Bachelor's Degree Equivalent
27,814 satisfied customers
My father-in-law became the BENEFICIARY of three ANNUITY accounts.
My father-in-law became the BENEFICIARY of three ANNUITY accounts. He wants to "roll them over" into trust accounts for his six grandchildren. Are there any tax consequences to putting these accounts … read more
Bill
Bill
Master's Degree
3,132 satisfied customers
My mother recently passed away and named me and my two siblings
My mother recently passed away and named me and my two siblings as beneficiaries. The 401K required the money be distributed upon death. Unfortunately, instead of contacting all of the siblings and di… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
The owner of an IRA has recently passed designating his wife
The owner of an IRA has recently passed designating his wife as beneficiary. His wife passed shortly thereafter leaving 5 adult children. There is no apparent pour over will for the IRA assets, howeve… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,814 satisfied customers
We are in Ohio. Prior to my elderly mothers death, as a matter
We are in Ohio. Prior to my elderly mother's death, as a matter of convenience, my sister helped her with banking matters. Checking and savings accounts and CDs had my sister as joint owner with right… read more
Marvin,EA
Marvin,EA
Enrolled Agent
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My wife of eight years passed away 18 mos ago. she had an ...
My wife of eight years passed away 18 mos ago. she had an IRA that somehow was never changed to reflect myself as beneficiary. I filled out documentation when we married but the change never was compl… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
my Father passed away leaving a sum of money in joint ...
my Father passed away leaving a sum of money in joint accounts in my name I am trying to resolve disbursment of these monies to my siblings can you tell me if I can legally just gift this money to the… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
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4 BeneficiariesOne beneficiary retains the house amd ...
4 Beneficiaries One beneficiary retains the house amd transfers title to herself; paying other 3 their equal shares. Say appraisal price of $365,000 - so each gets $91,250. Beneficiary buys the other … read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
What is the law in the State of Alabama regarding inheritance tax
I am in my father's will to inherit property . How much inheritance tax on this npoperty will I have to pay? Would it be better to have the property deeded over to me whilie he is alive? hat is this b… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
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