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Hello there, Was wondering if anyone would know the answer to this one. A beneficiary, Irish but domiciled legally in USA, will be receiving inheritance well below the Group A threshold (approx 50% under threshold). Is this inheritance lump sum exposed to tax in the USA (IRS). Thanks

Thanks everyone. Typical - I don't have an attic.

Thank you Noproblem, This is a very straight forward situation in terms of accounts and tax returns i.e. no off offshore or businesses worth 15m etc. Thanks again for the responses.

Thank You Sophrosyne - I've had a look at that, but that link refers really to the normal rules for those still living i.e. 7 years for record keeping. My query in this forum is in relation to deceased. Im an exec. and wondering how far back records need to be kept. Any other thoughts welcome.

I have numerous boxes of documents relating to tax and financial affairs of the deceased going back several years. Is there a length of time documents should be kept for i.e. Can I dispose of any that are X number of years old.

Thanks mf1, that's very helpful.

Thank you, There is a mortgage. The bank is pepper (BOS) who are not easy to deal with. Just to get the CA24 completed I was wondering if I could just call someplace to get the initial info as to weather it’s freehold or lease hold etc. And then follow up while waiting for the appointment.

Hi There Any advice welcome on this one. Completing CA24 and I need to find out if the property was Freehold or Leasehold, when Leasehold started and years remaining on Leasehold etc, and also a Folio number. It is an apartment. I have tried the online map at PRAI but it’s not registered...

Thanks Bronte, Yes there is an Exec Bank AC. However we will to be able to access the funds, pending probate. Tax wise it will be more straight forward to have proceeds from rent against estate rather than individuals (beneficiaries). The property will have to be sold as there is a significant...

Thanks for the replies. The bank are a aware etc. I just wanted to check that it wasn't illegal to rent it out pre-probate.

Hi, I am applying for probate shortly. There is one property which we would like to rent in the short term while we await probate. The reasons are 1. We need to generate income to pay the bills for maintenance. 2. Bank are chasing for mortgage to be paid. (Jan 2018 was last mortgage...

Thanks Thirsty, Re #2 the rent and revenue. 2. Don't forget you'll need to include the rent in the final return for taxes to revenue. Does this refer to informing the Revenue Comms about the death and the balancing of the deceased tax affairs, or is it that the beneficiaries are liable to pay...

Hi There, I'm executor of a small estate and while I have found some great advice in here I have some direct questions as this is new to me and I don not want to put a foot wrong. 1) There is a small sum in deceased bank account, which the bank will release on signature of indemnity. I am...