U.S. laws do not restrict how much money you can receive from overseas. You do have to report the information on a form to the IRS but it's a...

You are not required to provide the IRS with prior year tax returns unless there is specific tax carryover (such as net operating losses) from...

I'd fire that attorney. Your husband has a legal right to it. He can get copies from the funeral home and also from the city or town where it was...

If she had her name on the deed only until you paid her off on her loan, then her deeding her interest back to you is neither a gift nor income to...

If the money being transferred is not income then no taxes will be due. If it's a loan it should be documented as such in writing. If it's a gift...

You can report it as shown on the 1099R and then use a negative number additional line item to make it correct.

Your combined basis, after you inherited from your spouse, becomes just one overall basis to you. Then, If you sell the property you can do...

Your mom will not have to pay any gift tax on gifting you her rental property home. She should file a gift tax return (Form 709).

If he died he could will the house away from you although you could elect a "marital share" of his assets. If you divorce him you will get 1/2 the...

If you file in the US on world wide income [as a citizen or resident] then you need to report that income as a business on Schedule C. Given...