It should be okay as long it was clear which tax year you were paying it for. Keep records of the payment. If you receive a notice form the IRS...

This is not a probate question. You are asking if you, as administrator of one of your parents’ estate, have the legal right to obtain death...

Would a judge in California would compel a 65 year old African-American to travel from Virginia to court in a civil case?

If the property was appraised and sold for a fair price then they probably have no case. But if the property was Sold for a low price to a family...

I'm sorry to hear this sad news. My suggestion is to wait it out. if he passes away, you may have money to pay off the car loan and can sell the...

Is it possible to keep cryptocurrency i have mined by forming an offshore entity to own them?

Have you noticed the questions on IRS form 1040 regarding virtual currency and offshore accounts? You will need to report these for tax purposes. ...

If you didn't file a tax return, that may be a good fact for you insofar as the IRS goes. You can't be automatically tagged with your spouse's tax...

Does fiduciary duty include privacy?

I wonder who is asking this question.

If Mr. A contribute 7 MM (out of 12 MM assets he has) into an irrevocable trust in 2020, how many unused exemption he still has?

In 2020, the federal estate and gift tax exemption is $11.58 million per person. Anyone considering making a large gift like this must work with...

Inheritance?

Compensation is taxable income. But it’s not clear from your facts what happened. I agree you need the help of an accountant.

You cannot claim your friend or roommate as dependent on your tax return. That’s not how the tax rules work. See instructions to form 1040. So...