Category Archives: Death

Inherited Farm

Today TaxMama hears from Gloria in Florida who wants to know. “My daughter inherited a small farm from her father last year and wants to sell it. What would her tax liability be?”

Family Death During Year

Today TaxMama hears from Fran in the Tax Parlor, who tells us. “My mother died in 2006 and received Social Security monthly, getting about $700 per month. In addition, she had investments totaling about $60,000 that paid less than $5,000. Do I need to file a return? If so, what info and forms do I […]

Dad’s Home

Today TaxMama hears from Christine from Yahoo! who tells us, ” My dad passed away in Aug 2005. He left me his mobile home, on which he still owed $48,000. The finance company sent me a tax form showing how much interest I paid on the loan. But it shows my dad’s Social Security number. […]

After Death

Today TaxMama hears from Cheryl in Kansas who wants to know, “Do you have to file an estate return when the whole estate is going to be less than $200,000? There are 3 heirs (1 in Kansas and 2 in Texas). The assets include the funds from the sale of the house (about $145,000) and […]

Daughter’s Security

Today Steve in Appleton, WI has a question. “My wife passed away in last year. My daughter, age 16, qualified for social security benefits of $621 a month. The check comes to me, as her father. I use it to help us make ends meet. I also save some money towards her college education. Is […]

Die Now File Later?

Today Richard from Phoenix, AZ wants to know. “If someone dies, can the tax returns for the year in which they died be filed prior to the end of that year? Or do you have to wait till all of their tax forms for the year in which they died are received?”

The Year That Husband Dies

Today Patty from Haslett, Michigan has this tale of woe “I was married February 14, 2004, Valentine’s Day. My husband died April 16, 2004. He was on Medicaid and had no income. Do I need to file a tax return for him?