he left a woman named elaine as the custodial guardian, technically/legally it wuldnt be mine until im 21, but since he wished for it to be mine at 18, elaine cashed it and sent me a check for $10,000 around my birthday,but heres the thing-i knew me grandfather had left me money when i was 18. but i didnt know it was stock, and didnt realize that i needed to claim it on my taxes.
from my understanding and how she worded it, it was my inheritence, well, when i filed with h&r block, i didnt mention it because i didnt think anything of it. i wasnt even aware it was stock put under my name and social number.now 2 years later the IRS sends me a letter saying i owe $1,600 in taxes because my 05 return doesnt match what was reported....
shuld i be faulted that no one ever told me exactly where the money came from? shouldnt elaine or at least the stock company had an obligation to inform me?i wuld have saved some money from the 10,000 2 cover taxes if i ahd known, now im stuck.what can i do?
2007-01-31
09:39:34
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9 answers
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asked by
Calli S
2