2007-08-29 04:48:14 · 5 answers · asked by Richard 2 in Business & Finance ➔ Taxes ➔ United States
The dog doesn't. But there must be some sort of trust, with a trustee actually controlling the money - a return would have to be filed for the trust. After all, the dog can't go to PetSmart and buy what he wants.
2007-08-29 05:06:24 · answer #1 · answered by Judy 7 · 1⤊ 1⤋
The money is left to the dog in a trust with instructions for the care of the dog. The trust files a IRS Form 1041 (Trust return). By the way the dog does not take a personal exemption. Now is that fair.
2007-08-29 11:59:30 · answer #2 · answered by ? 6 · 1⤊ 1⤋
WOAH the dog has a $12 million dollar INHALANT ?? He must have some pretty bad breathing problems!! Does he have Canine Cough ??
Seriously though I dont think that the dog has to pay any kind of taxes on the money since he is not a human and has bno social security number. I believe that she left it to the dog in order to prevent paying taxes as she tried to do before and just to piss off the government!!
2007-08-29 11:55:46 · answer #3 · answered by Jason 3 · 0⤊ 1⤋
yes actually, whoever is executor of her estate for the dogs will make sure it is paid.. when a tax is to be paid to the govt be assured they know how to get it....
2007-08-29 12:07:03 · answer #4 · answered by _MamaJ 4 · 0⤊ 0⤋
I HOPE MY DOG DOESN'T GET JEALOUS.
2007-08-29 11:56:43 · answer #5 · answered by amberjohn123 2 · 0⤊ 1⤋