Asked 1/25/2010
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Will I have to pay income taxes or inheritance taxes on $40,000 received from my father's social security? Will I have to pay income Taxes on $40,000 received from my father's social security that he never collected? He has recently passed away, and the Social Security Admin. contacted my siblings and I. They told us we had about $40,000. each coming from the benefits my father never collected whole alive. |
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