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The estate is responsible for the IRS bill. If there is not enough to cover it, the government may not get it.

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Q: When a person dies owing the IRS and is not married are the children responsible?
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When a person dies owing the IRS a lot of money is his new wife responsible for the debt?

yes u do bacause u are married. you now take over the persons debts as his wife


Who is responsible for deceased fiances debt when owing a house together?

Since the couple were not married the surviving person is only responsible for joint debts only. The status of the home ownership depends upon how the property is titled and the terms of the mortgage agreement.


When a person dies owing the IRS a lot of money are their children responsible for the debt?

The estate is responsible for he debts of the decedent. If the decedent was the sole owner of any assets at the time of death those assets must be used to pay the debts before any property can be distributed to the heirs. If there are no assets the creditors are out of luck.


I had a car that got repossessed and I was left owing a lot on the loan and then I got married. Is my husband now responsible for my past due loan?

No. Because the car was purchased prior to the marriage.


What do you call a person owing you money?

Debtor.


What are all the tasks required for a collection attorney to perform?

A collection attorney has many tasks that they perform. A collection attorney is responsible to contact those responsible of owing money to someone or a company, and working on how that person will pay the money. After how is worked out, the collection attorney keeps track of the payments and if any are missed, will visit or contact the person.


Is it relevant for the car dealer to ask how much is owing on your trade in?

Of course it is. The dealer taking the trade would become responsible for loans and liens on the car once ownership has been transferred. If the remaining money owing on the trade is not paid he could lose the car to the lender.


If you return the car what do they do to the cosigner?

THE VEHICLE WILL BE SOLD. IT IS USUALLY THE HIGHEST OF THREE BIDS AND THE AMOUNT IS OFTEN BELOW WHAT THE AUTO IS WORTH. THIS AMOUNT IS DEDUCTED FROM THE BALANCE OF YOUR LOAN. THE AMOUNT THAT IS LEFT OWING WILL HAVE TO BE PAID,IF YOU DO NOT PAY,YOUR COSIGNER IS RESPONSIBLE FOR THE BALANCE OWING. GOOD LUCK ROD.


Can the bank go after kids of deceased owner for a foreclosure you are the daughter and the bank published a public notice listing you a defendant?

Get A Lawyer!The bank can name any person named on legal documents relating to the default / foreclosure. Weather you can be held responsible is up to the court.The bright light is that if you are not responsible and the bank was malicious the bank could end up owing you money.Get A Lawyer!


Is a person owing child support reported to the credit bureau?

The State may do so after notice to the obligor, yes.


Will a single person have less income tax withheld then a married employee?

The amount that is withheld depends on the marital status and the number of withholding allowances you put down on your W-4 form. A person who checks the "single" box on the W-4 form will have more withheld than a person who checks the "married" box if they both claim the same number of withholding allowances. If they claim a different number of withholding allowances, there is nothing that can be said about who will have more withheld. Remember that the amount withheld does not represent the actual amount of tax you owe. That is determined when you fill out your Form 1040 at the end of the year. If the married person has a spouse who earns the same or more than the he/she does and the couple does not have a lot more deductions than the single person, the married person may find themselves owing a lot more tax than the single person does. Of course the married person could owe a lot less tax if the person has a non-working or low-earning spouse or a lot more deductions.


Does a provider have to bill secondary insurance even if the patient prefers to pay out of pocket?

If the provider is out of network or not contracted with the secondary insurance, they do no have to bill the secondary and the patient is responsible for the balance (if any) owing