aikon56 asked:


Can a 66-year old individual with no retirement or regular income file for a tax return and be eligible for the stimulus package check in May 2008?

Thanks.

Pamela

Nadeem M asked:


When someone dies, leaving an estate to their beneficiary, it could include stocks, bonds, investment accounts, retirements, real property, etc.

I believe everything under $2 million passes to the heirs without any tax obligation. (Is this correct?)

My question is about the tax-deferred retirement accounts (non-ROTH) that collect ordinary income tax when you draw the funds. Would this tax be required from the heirs?

Thanks.

Martin