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Interesting Tax Question,,
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MaineFarmer
Posted 5/5/2024 15:49 (#10729674)
Subject: Interesting Tax Question,,


coast of Maine		I know a person quite well.He has not files any tax return in over 20 years.Gets paid cash jobs and lived on his moms land in a camper,he is now living with her and off her income.She is pushing 90,he is over 60.So when/if she passes away before a nursing home and he receives an inheritance of land worth 400K$ and stocks 200K$ will the IRS find him and lock it all up?Im sure his SS# will be on the documents sent to the state and any land acquired will become on local tax rolls with a value attached.What type of inheritance tax happens as well.One would assume never filing for decades would pop a red flag,I just would like to know what others have seen.
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