Q: Mom passed in 2005, she owned lots of land and buildings. No Inheritance Tax Return was ever filed.
Is there a tax with interest and penalty due. Value of Estate is around $4m. There has been 3 bad lawyers involved and internal as well as external fighting that has now lasted 17yrs from DOD. I am very concerned about potential liabilities. All born in PR, 3 live in USA and 1 still lives in P.R..
A:
Hello and thank you for using Justia. Very sorry to read that you have had horrible expirience with the prior three Attornys.
An Inheritance Tax Return must be filed as soon as possible. There will be a Tax liability on the value of the Estate plus penalties and ingrest fees. In addition to thus liability, the Estate will also need to pay all arrears
in Property Tax (CRIM). You need to gire an Attorney that un knowledgeable Probate and Estate laws.
If you need additional information please feel free to contact me directly.
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