Can we question the legality of their marriage? He was under Hospice and heavily medicated at most times.
Get a lawyer to review documents and reach out to insurance companies.
Boston, MA
Business Lawyer at Boston, MA
Practice Areas: Business, Tax, Estate Planning
Get a lawyer to review documents and reach out to insurance companies.
You likely need a CPA to assist them. It's possible the return was prepared incorrectly and needs to be amended.
Too much to answer without reviewing you whole situation. Please hire a professional to assist you.
You are going to need to sit down win an advisor for this one as there are a lot of factors that go into this determination. Such as type of job,...
It's possible that the IRS can take funds from the settlement. You will likely have to complete form w-9 before getting the settlement funds.
If they extended credit to you they most likely have a lien on the assets. Assuming a valid lien they are most likely within their rights, no...
Although they may not levy against the property it is likely they will keep the lien on the property. Given the stakes it may be worth having a tax...
Filing jointly will only effect you for purposes of federal and state taxes.
It sounds like you need to file for guardian/conservatorship.
You need it issue them 1099s if you paid them more than 600. The Corp files an 1120s (I assume you made the s-election