My two children inherited $30,000 from my fathers estate. I am wanting to know if it is taxable income since I have called the IRS and tax preparers and gotten confilicting information.:confused:

Inherited money is not taxable monies at all

If any taxes were due on your father's estate, they were paid by the estate before the $30K was disbursed.

You have nothing to worry about.

You could have also received a cash advance on the inheritance.

Such a cash advance is a loan, and such a loan would have fees and interest, Beware of them!