What Is Ird - Ird is subject to both federal and state income taxes and is taxable to the recipient when it is received. Income in respect of a decedent (ird) refers to any income that a deceased person had a legal right to receive but was not received during their lifetime.
Income in respect of a decedent (ird) refers to any income that a deceased person had a legal right to receive but was not received during their lifetime. Ird is subject to both federal and state income taxes and is taxable to the recipient when it is received.