Unpaid Tax Debt: Can You Inherit Back Taxes (Everything You Need To Know)
When a loved one passes away, taxes and debt are the last things on your mind. However, unpaid tax debt is an important topic that must be addressed. When a family member passes, debtors waste no time descending upon the family and demanding debts are repaid.
Of course, this is a trap. But, what happens when it’s the IRS that’s knocking on the door?
In this article, we’ll examine:
- What statute of limitations are and what is tax debt’s limit
- Who can inherit your tax debt
- Innocent spouse relief
- How to minimize taxes even though you owe tax debt to the IRS
- What happens to tax debt when one passes away