Paying Taxes on Money Not Received
We received a form 1041 (K-1) form from an estate. The letter that came with it said we had to report $4K of dividends and interest to the IRS for tax year 2000. We never received the $4K or the...
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You're making it sound like you were randomly sent a K-1 from an estate you never heard about [g]. I assume you are the beneficiary of the estate (or was it a trust?), and that the income was supposed...
View ArticleRe: Paying Taxes on Money Not Received
Thanks, Les. Yes, we are the beneficiaries of a trust of someone who was well known to us! I just wanted to check to see if your initial reaction was the same as ours...that something smells "fishy."...
View ArticleRe: Paying Taxes on Money Not Received
Less--You are right about the REQUIRED part of your statement. I got really suspicious and talked to a Elder Law attorney and the IRS. They both say that if the estate doesn't cut us a $4K check...
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