No, your aunts and uncles have no liability to you. However, you might have a claim against your grandfather's estate for the fair value of your...

I borrowed money from a friend and I can't pay them. Can the IRS consider the amount of the loan as income ?

Yes, you are at risk of cancellation of indebtedness income on this loan, regardless of the fact it was poorly documented. However, the tax...

Can a spouse of a deceased pay money from personnal MMAcct. to satisfy a divorce settlement made in 1986 without tax implication

The facts are not clear enough to answer this question. If it is a non-qualified account, chances are there is no income on the payment. If...

Used own SSN, ticked American citizen, worked nearly twenty years, filed taxes... will IRS give me refund?

Generally yes, you can collect your Social Security, provided you paid into the system. They also have a network of international treaties. You...

Can I force my father to go to the doctor if he is of sound mind? He is deteriorating physically, but is mentally still there.

Generally, if someone has not been appointed as a Conservator, you cannot. Your options are generally to let Dad stumble along or apply to be...

CPA or Tax Attorney?

Most routine tax returns are filed by accountants. Many complex tax matters are handled by attorneys. You have routine filing issue that...

My only income is from trading futures. Should I form a partnership to save from taxes?

You can deduct a portion of your rent if you meet the rules regardless of the type of entity you use. While you might form a partnership. I...

Can I incorporate in a state I don't have a physical presence in for tax reason?

The other answers are correct and insightful. However, incorporating in a state with a low tax rate does not necessarily get you that low tax...

Inheritance,SSI

This money will not cause her to be denied Medicare, it will just have to be spent before Medicare kicks in. It may cause an over payment of her...

Quick tax advice for Asset Purchase? BUYER is Delaware LLC and target company (SELLER) is a NY Corp (we think S-Corp)

1. You are purchasing assets from a corporation and all the payments go to it. 2. Same as above, unless the assets are distributed to the owner...