TaxAudit Blog

Tag: beneficiary

tax written in blocks with money bags in the background

As the person wrapping up your loved one’s financial affairs, you know at the very least you will need to file their final individual income tax return.

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Inheritance on top of money

Generally, when you inherit money it is tax-free to you as a beneficiary. However, like so much in tax law, the answer to this question is “it depends.”

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people examining retirement portfolios and graphs

You inherited a retirement account, and you opted to transfer the assets into a beneficiary or inherited IRA. What now? The “what now” depends on whether RMDs..

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