Benjamin Franklin has been quoted as saying that nothing in life is permanent except death and taxes. Well what happens when you die owing back taxes?
In this episode, I discuss some of the issues that crop up if you die and owe the IRS or state tax authorities. I will be talking about: tax claims in probate, joint tax liability, unfiled taxes, and non-probate assets.
Just a note, the issue of tax debts and probate is complicated. You should really contact a tax professional, specifically a tax attorney who deals often with handling back tax problems, if you have concerns. Tax problems in an estate are often tricky to deal with and expensive to handle if not handled properly.
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If you or someone you know has a tax problem, call our office at 207-502-7181 or email us at jwade@jdwadelaw.com. We will be glad to help you. Otherwise, please enjoy our content and let us know if there are topics you'd like us to discuss.