View Full Version : Back taxes
moonbeamrr
Mar 30, 2013, 03:39 PM
My father passed away last year and owed backed taxes. He didn't have an estate but he did have a retirement fund. My siblings and I are the beneficiares and was wondering if we have to pay his back taxes?
cdad
Mar 30, 2013, 05:56 PM
Did he owe more then his last tax return? If so the estate is liable for debts before any benefit is paid out.
moonbeamrr
Mar 30, 2013, 06:00 PM
Did he owe more then his last tax return? If so the estate is liable for debts before any benefit is paid out.
There was no estate. Yes I believe he owes more then his last tax return
AtlantaTaxExpert
Apr 1, 2013, 01:01 PM
Yes, he DOES have an estate. It is the retirement fund, and you MUST use those assets to settle any past tax bill (federal and state) before YOU can access that money.