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
You'll need to sign in or create an account to connect with an expert.
Your question doesn't make any sense ... did you fail to report the income on the return so they sent you a CP2000 notice ?
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Lburns31
New Member
theDoc
New Member
trust812
Level 4
fcp3
Level 3
Jontillia88
New Member