Do I need to file FBAR if I cannot operate the foreign account ?

You do not have to file an FBAR so long as you have no signature authority on the account & you also have no present interest in the account.

You need to go to a tax return preparer to help you prepare an income tax return for 2018. You should not do this alone because tax issues can...

Should I change the deed for my parents house to my name to sell it or leave it in the trust to sell it to avoid capital gains?

It really doesn’t matter. When the second parent dies the house basis is stepped up to fair market value do there’s only gain if it sell above that...

The short answer is no. The long answer is that a personal representative must file an inventory for the estate promptly and that should list all...

Can the IRS put a lien on, or levy a residence where someone lives, but does not own?

They don’t lien specific properties, but all property in the county in the name of the taxpayer. So the answer is the landlord is not affected.

Can an employer give you a housing allowance on top of your salary? If so is it taxable and at what rate?

Some housing allowances are tax free but it depends upon many factors, so please seek good tax counsel before moving forward & don’t rely upon...

How much of my husband's tax return am i entitled to since we got married on Oct.2018. I had no income this year.

Marriage doesn’t entitle spouses to each other’s separate returns. Joint returns are available to either party from the IRS or state. If you’re on...

Small claims is a MA court and if you win they have an automatic right to a District Court and you have a win presumption that that must overcome

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Avoiding or delaying inheritance tax and other taxes on the sale of inherited real estate?

When you inherit real estate, the basis [on which gain is computed] is the fair market value of the asset on date of death. SO if you sell it near...

My husband wants me to waive all my rights to his stock, do I have to legally do this.

Of course the answer is no. More importantly, you need to know what is going on in his mind to ask such a thing. Before consulting with a...