Q: I live in PA and getting 22k international cash inheritance (London). Do I need pay inheritance tax? Declare with IRS?
I was contacted by the Ward Gethin Archer law firm in London England that I received a 22k inheritance from a distant family member. Turns out its legit as my uncle and two cousins opened a new bank account and threw a few hundred in and each received the same amount of money evenly. They gave them that info for the cash transfer and they dropped ~29k in their accounts within 2 weeks.
They want me to give them checking account info and social sec number to process the 22k (about 29k due to transfer rate).
Do I need to declare with the IRS? Pay an inheritance tax?? I live in Pennsylvania.
A: As they say at the opera, "It ain't over until it is over." They also say "If it sounds too good to be true, it probably isn't."
So, rather than worry about whether or not to "declare with the IRS" right now, and rather than worry about whether you will have to "pay inheritance tax" you would do well to employ a competent lawyer RIGHT NOW, before giving anyone on planet earth your social security number, banking account number and related personal information.
Whether "your uncle and two cousins" say they did it successfully--or are encouraging you to do it, rethink the wisdom of opening yourself up for possible enormous FUTURE financial problems--is not the point; forewarned is forearmed.
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