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Additional income taxes to be paid
We received a letter from the IRS that we owe @$2449.00 for an inheritance my wife receiced. Said amopunt already has been sent to the Dept. of Revenue. Doyou need anything? Thank you
posted
July 27, 2021
9:23 AM
last updated
July 27, 2021
9:23 AM
2 Replies
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Additional income taxes to be paid
Your question doesn't make any sense ... did you fail to report the income on the return so they sent you a CP2000 notice ?
July 27, 2021
9:27 AM
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Additional income taxes to be paid
the IRS does not tax inheritances per se, but if you receive something like an IRA or stock and cash it in you will owe taxes not because you inherited it but because you cash it in. we can't provide any more help because you provided no details as to what she inherited and what was done with it.
July 27, 2021
10:15 AM
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