Can An IRA Be Taxed As Part Of A 2006 Estate And As 2007 Income. Isn't This Double Taxation?
My father died in 1998. His IRA was left to 1 spouse and 4 children. My mother died in 2006 at 80 years old. Her share of the IRA was worth about $22,000 in 2007 per a 1099-R. She never took a distribution.
1 Answer - Sort by: Date | Rating
Iras are tax exempt up to a certain value per year about $5000 over that who knows what the gov can do
1
0
- When Are The Last Rent Rebate Checks Mailed For Connecticut?
- What Is The Tax Treatment Of Land Received As Reward From Government, As Per Income Tax Act, 1961?
- Is The Internal Revenue Service An Actual Part Of Our Government?
- When Will The2010 Stimulus Be Mailed Out?
- What Is The Percent Of Income Tax On The Dollar?
- When Will The2010 Stimulants Be Sent To People?
- How Do I Figure Out How Much Federal Income Tax Should Be Taking From My Retirement Check?
- If Your Taxable Income Is From $4,000.00- $7,499.00 Your Tax Is?
- When Will The $250.00 CHECKS FOR NOV.20 BE MAILED?
- Is There A Law That Says A Person Has To Pay An Income Tax?
- What Is Projected Income?
- What Is 22.99 + Tax?
- Where Do I Apply For The Stimulas Check Online?
- I Am The Single, If My Income Is $27000 Can I Get The Tax Return?
- When Will The 250 Dollar Checks Be Mailed To Seniors?
- Will I Get A Tax Refund?
- How Much Federal Income Tax Do You Pay On Your Social Sercurity Check?
- Do You Think Families Can Afford The Cost Of Uniforms, Even Average Income Families With 3-5 Kids?
- Darnell Owns Business Pays Taxes Quarterly On His Estimated Annual Income Of 63,000 His S.s Tax Is 12.4% Med Is 2.9% And His Estimated Fed Tax Rate Is 22% How Much Quarterly Estimated Tax Must Darnell Send To The Irs For The First Quarter?
- When You Get Your Tax Refund From The Internal Revenue Service, Are You Really Getting A Refund? Why Or Why Not?
- Describe History Of Indian Income Tax Act 1961?
- Are New York State Residents Getting A STAR School Tax Refund In 2009?
- What Does The IRS Do With The Income Tax Money?
- How Long Do We Need To Keep Our Federal Tax Returns?
- How Is Tax Redistributed?
Featured Question
- Business & Finance
- Personal Finance
- 401k
- Bank Accounts
- Bank Charges
- Bankruptcy
- Benefits
- Child Trust Fund
- Credit Cards
- Credit Unions
- Death Duty
- Debt
- Estate Planning
- Family Benefit
- Fraud
- IVA
- Income Tax
- Inheritance Tax
- Interest Rates
- Loans
- Money Software
- Mortgages
- Payday Loans
- Philanthropy
- Pocket Money
- Remortgages
- Stamp Duty
- Stimulus Checks
- Tax
- Tax Credit
- Transfer Money
New Comment - Comments are editable for 5 min.