Is the IRS notified when as the sole beneficiary of my mothe

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Posted: Tue Jul 28, 2009 7:51 pm Post subject: Is the IRS notified when as the sole beneficiary of my mothe

Is the IRS notified when as the sole beneficiary of my mother's life insurance policy I receive those proceeds at the time of her death? Could they "take" those proceeds to apply to back taxes that I owe?

initial

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Posted: Tue Jul 28, 2009 8:01 pm Post subject:

nope _________________ "Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.

Lori

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Posted: Wed Jul 29, 2009 5:18 am Post subject:

Quote:

Is the IRS notified when as the sole beneficiary of my mother's life insurance policy I receive those proceeds at the time of her death?

What type of proceeds, insurance?

Well, IRS can't directly take the death benefits given to you, but if they have put levy on your bank account, the money can be taken from the account when you deposit the check in it.

jeorge

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