So, my Dad dies Jan, 11 2017 and he gets a Social Security Check for 1,381 I don't know if he's falls under the requirement for earned income. Box 5 on his statement say's it might be taxable, the rest is confusing to me.

I mean the guy is dead and is still responsible to file regardless of taxable or not. Maybe he's still able to collect Un-earn income?

Any thoughts?

kv

 

If the check was issued after the date of death, presumably it should be returned to the issuing office? The office should have been notified of the death.

 

If the check was issued after the date of death, presumably it should be returned to the issuing office? The office should have been notified of the death.

Came on the 1st, he did receive one on the 15th which was returned.

kv

 

Don't know how things work in the US, but here, if the payment is in advance or arrears would likely make a difference. If in advance, I think there would be entitlement to a pro rata payment from Jan 1 to Jan 11 and the remainder would have to be returned.

 

Don't know how things work in the US, but here, if the payment is in advance or arrears would likely make a difference. If in advance, I think there would be entitlement to a pro rata payment from Jan 1 to Jan 11 and the remainder would have to be returned.

According to this Pub 915 anything over $25,000, but typically Social Security is not taxable. If he would have received dividends from IRA's, Pensions, etc he would have to declare it, but since he didn't receive any of those and was just his SS under 25k I don't have to file for him.

At least thats what I think I'm reading.

kv

Edit: $25,000 is the "base amount" for earned income anything above that is or could be taxable.

 

According to this Pub 915 anything over $25,000, but typically Social Security is not taxable. If he would have received dividends from IRA's, Pensions, etc he would have to declare it, but since he didn't receive any of those and was just his SS under 25k I don't have to file for him.

At least thats what I think I'm reading.

kv

Edit: $25,000 is the "base amount" for earned income anything above that is or could be taxable.

The heirs are required to file the return. Usually the the administrator of the estate. If any taxes are due, any paid inheritances are obligated to repay a proportional amount to cover any debts of the estate.

 

The heirs are required to file the return. Usually the the administrator of the estate. If any taxes are due, any paid inheritances are obligated to repay a proportional amount to cover any debts of the estate.

I'm an Executer, his Trust shows debt on the house, he borrowed against it, yes we are responsible for it, continuing monthly payments for now. No other debt but State Taxes on the house in Nov are owed, when I did the taxable income lines on a simple entry form, entering lines A thru E then compare it with Base income Amount at 25k box A is $1381 falls well below that amount, in line B you divide it and add it with other incomes from interest one time pay outs pensions etc must exceed the 25k base to be taxable, $690.50 isn't a drop in the bucket, thank god.

kv