My son is 52 and has been diagnosed with Alzheimer i am now supporting him in resident home is pace a place for him

I agree and would also add that the importance of speaking with an attorney in your area as he or she will be familiar with your local services. ...

Can I deed (quit-claim?) a property I own to my Mom she is going to rent from me so she may take homestead exemption on taxes?

I would highly suggest that you speak with a local real estate attorney. Your question header is almost completely different than the body of the...

If I give my home to my children at least 5 years before I go to anursing home do they taxes on the gift or is there a set amoun

The answer is "it depends". For federal tax purposes, no gift tax is charged to the person who receives the gift. The gift is also excluded from...

I agree with the answers above and would only add that if she formally adopted you, then you would be treated as her legal child.

Late filling for 2011 income taxes IRS, want to apply now

The only item I have to add to the two above answers is that she will need to paper file her 2011 return as the IRS only accepts e-files for...

Tax advice - May I pay travel expenses to my sister who has acted as my agent for my Dad's estate?

I would first check the relevant CA laws regarding estate expenses and the right to pay estate expenses when you know, or have reason to know, that...

Should I take a distribution and lend money to my S-Corp, or leave cash in the company for working capital/growth?

As an entity filing an 1120-S, any profits at the end of the year are deemed to flow out of the company and to the shareholders. If the company...

If I transfer stock from joint account, with mother, to individual account, is that a gift of 1/2 the value?

The absolute answer to this would depend on your father's intent at the time he changed ownership of his portion of the account. Did he intend to...

As an officer of my own S corp I was unable to file my corp tax filings on time due to illness. I filed 2 years late.

Generally speaking, you may think that the corporation is a separate legal entity than you. However, if you used the corporation as just another...

I paid for my mothers funeral expenses before her life insurance money came in.can i get the money back like a creditor?

It is difficult to tell from your post the specific nature of the life insurance proceeds and to whom they are payable. As for the funeral...