You are to present the results of your calculation, the. total cost to the customer, the steps the service manager would oversee the. technician performing, and an outline of how the service manager would determine. if the work had been performed to the customerâs satisfaction.
The answer is no, in general your inheritance will not be subject to income taxes. However, if you inherited something that subsequently appreciated, the appreciation could be taxable. As the recipient of the inheritance, you donât have to pay income taxes. But, taxation can be a factor when you look at the big picture. There is an estate tax in place, but there is a $5.43 million exclusion in 2015.
Now if you do keep that money separate and it truly is an inheritance and thereâs no other co-mingled marital monies in that account, then that money should be exempt from the equitable distribution. Basically, your spouse doesnât get any portion of it. The important thing is to address this early on.