I have a question about gift taxes.

I wouldn't worry about gift taxes to the IRS. You can make gifts of up to $13,000 per year per donee without incurring any gift tax liability. It...

Selling inherited property.

You may need a probate or real estate attorney in Arizona to sort out the title issues, but generally, you and your sister will have a stepped-up...

Do I need to pay taxes on money received from a living trust?

Generally, no. However, depending on whether the trust pays all the taxes, you could be required to pay taxes. Most likely, though, you will not....

S-corp vs. llc

Deciding between LLC, S corporation and C corporation encompasses a lot of issues. First, will you be the sole owner? If so, then you will likely...

Life insurance and taxes

Generally no, but it could happen. Who owns the policy, how the premums were paid adn who is the beneficiary can all make a difference. It is...

May an ILIT Trustee distribute the Trust estate in unequal shares under certain circumstances?

In order to answer your question, a lawyer would need to read the entire trust. Often times, a provision is added in another section which...

What legal course of action can I take to stop IRS wage garnishments, property and bank liens?

You need to retain an experienced tax attorney who understands how the IRS works. The IRS is all about forms, formulas and paperwork. In many...

If I marry someone that needs to file taxes am I liable for them

You would not be liable for the taxes, but if the IRS tries to collect the taxes, they can go after his bank accounts and assets. So, anything you...

The loan does not necessarily have to be secured by the home for the interest to be deductible, but I highly recommend that you record a mortgage...

Is there any laws about asking for non-charitable donations @ on-line sites, such as craigs list. Do you have to report to IRS.

Gifts are not income to the recipient. And, are not deductible by the donor unless the gift is made to a qualifying charity or other organization....