Is it legal to gift and not pay tax?

As Mr. Fazzio stated there is no gift tax between a married couple. Without more facts about your situation it is not possible to tell what is...

Do I pay federal income tax on my beneficiary check from an estate of...made out to me

As Mr. Richter has stated, for federal income tax purposes, inheritances should not be taxable. Internal Rev. Code sec. 102. It appears that NH...

Does a LLC that's taxed like a C-corp provide the owner the barrier & protection between personal and company assets?

Hi: As stated by my colleagues; it is prudent for you to seek local counsel. It can be costly to get real estate out of a corporation taxed as a...

If I apply for Medicaid, would the spousal support be exempted from my income as it concerns eligibility?

Ms. O'Reilly is providing sound advice; use this site to seek an elder law attorney. I practiced tax for many years before moving into to elder...

Should she take it out of the trust and Deed it to herself so that it is an excluded asset?

Mr. Cottrell gives good advice. Seek the assistance of an elder law attorney. A MI elder law attorney can help you but there is a question as to...

What can I do about working a job laden with seemingly illegal tax activity, employee misclassification, and wage theft?

Definitely sounds like you are an employee and certainly the IRS would argue as such. The states and the IRS also have a coordinated audit...

How would I donate a large amount of my companies products to a charity and also receive a tax deduction?

Hi: I suggest you speak with a tax attorney about the specifics of your situation. It appears that your business operates as an LLC, correct? It...

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Can you be forced to sell something you inherit to cover a lien against the Estate by DSHS?

Hi: based on your facts it can be inferred that mom received Medicaid benefits. Medicaid is a federal program administered by the states. In...

Can a trust for a minor child be made after the decedent has died intestate?

Hi: It is best to find an estate/probate attorney to help you. For assets like IRAs and life insurance, it is critically important to update...

What is the least taxed method to use the proceeds of an overseas real estate sale to invest in a US real estate project?

Hi: in all due respect, use this site to find a tax attorney knowledgeable in international tax including being able to work with a UK advisor and...