Ceschini & Co

Description

Typically, yes because it is considered income with regards to the decedent. The tax is due by the recipient because the deceased had not paid the distribution's income tax. You may be entitled to a deduction for a segment of the estate taxes paid, if the account's value was incorporated in the estate tax return of the decedent.

Ceschini & Co., CPA's, PLLC is one of the leading firms in and throughout the area. By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year.

I am confident that, once given the opportunity, our firm will exceed your expectations for professionalism and communication while helping you achieve the results for your business and your life that you always envisioned.

Companies nearby