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Thomas Gordon Rice

Thomas Rice’s Answers

4 total

  • IRS told me I have to become a personal representative through probate to access my deceased father's account, is that correct?

    Probate necessary? Any other way? Lastly, my father left no will, left no assets that I am aware of. The only thing I know he has is two IRS returns totaling no more than $8,000. Do I need a probate lawyer?

    Thomas’s Answer

    You may not need to do anything unless he is receiving a refund. Someone needs to prepare the tax returns. Is the $8,000 income that he reports or is it a refund? If its a refund you can file form 1310 without doing a probate. If the return shows that he doesn't owe anything or if it says that he owes money then don't do anything.

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  • How do I get back my tax documents back my accountant who's not willing to give it to me?

    Via email communications, I informed my CPA that I needed all my tax papers back from his office today due to the fact that the IRS told me about a fraudulent situation that he (my accountant) was not aware of involving my 2011 return, among other...

    Thomas’s Answer

    Contact the professional organizatio of CPA's in your state and file a complaint with them. That should ge his attention. If you owe him money you could always pay the bill and he would probably give you the papers back.

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  • Do I have to pay tax(es) on "money transfer"?

    Does IRS consider "money transfer" as a source of taxable income? Especially if the money was from a foreign person who sent to a U.S citizen with the purpose of "investment" or to "open business" through an international bank such as Citibank or ...

    Thomas’s Answer

    No.

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  • What is the process to fire a personal representative ? Do all the heirs have to agree with the firing?

    The PR on the will is refusing to talk with the heirs . He will only communicate through attorney's. This is not a good relationship and the attorney fees are eating up the estate.

    Thomas’s Answer

    In New Mexico, unless all of the heirs and the PR agree to change the PR, you will have to hire an attorney and file a petition with the court for the change. Unless the PR has done something contrary to the intent of the Deceased's Will, or acted illegally oractedv contrary to the statutes governing PR's then you will not prevail.

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