How do I have a new deed prepared (grant deed or quit claim deed) to transfer my home into a living trust (already set up).Cost?

Contrary to what has been stated, Maine does not charge a transfer tax on transfers of real property to a living trust if you are the owner of the...

What type of tangible work product meets the requirement of not being considered taxable income in exchange for company stock?

Section 61 of the internal revenue code generally governs the receipt of income (from all sources derived) and would consider such an exchange,...

Can i gift my son a house that i'm still making payments on?

To clarify, this is not your principal residence but is investment property, so the gain exclusion under section 121 would NOT apply. What is your...

Amending 2009 tax return - filing jointly

As indicated, you can still amend your 2009 filings. Indeed, if you were married you are required to either file married, filing jointly or...

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Agreed. Such a transaction would constitute a part sale/part gift. Your uncle should file a gift tax return (Form 709) to report the gift...

Is the trustee responsible for losing investment value in my parents trust ?

I am not a Florida attorney. That being said, generally, as you seem aware, a trustee is required to manage and invest trust assets as would a...

Is a promissory note legal if it is not signed by nor does it list the name anywhere of a person who loaned the money?

More information would be helpful to determine your possible defenses, such as: 1) Have you been paying the note? 2) How much have you...

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My husband works in North Dakota but we have a residence in Oregon what do we do for state taxes?

You can only have one legal domocile but you can have mutilple residences. Domocile is where your primary or principal residence is located and...

My brother passed away, left a will but we don't know where he had his bank account (money market or CD's) How do we find out

All of the above points are right on track (mail, personal belongings, past income tax returns, home computer, letters to local banks etc.) ...

Is post-mortem interest part of the estate in Pennsylvania?

I am not licensed to practice in Pennsylvia and would advise you to speak with a local attorney or accountant with respect to how estate income...