AboutGlenn D Schnabel Expertise I can answer most federal individual income tax questions.
I can not provide legal advise.
Experience I have worked for a CPA firm for over 11 years.
I have worked in private as well as government
I have recently been running a tax preparation office, mainly focusing on
individual income taxes
Organizations I have been affiliated with managing condo associations and as a member of a coalition to educate condo owners as to their rights and responsibilities.
Education/Credentials I have my B.S.B.A in Business Administration . Concentration in Accounting
I have gone to yearly tax seminars and have tried to keep up with the
evolving tax changes
Awards and Honors Over my years I have received local awards for contributions to worthy
organizations.
Past/Present Clients This, of course remains confidential
Question I recently received money resulting in an overage from a delinquent tax sale for property. This money had been sitting for several years in my late husbands name and I was only recently made aware of it. As I was the executor of the estate, the check was made out to me. My question is, would this money be taxable of my federal and state (SC) income taxes?
Answer Sheila,
I do not understand. IS this money from a real estate escrow account?
If it is , then no it would not be taxable. If it is proceeds you received from a tax sale, then the sale would have been recorded then and this is just residual nonies.
