Prepaid funeral account - Is the reportable value what it cost to buy in '95, or the value at death in '13?

A prepaid funeral account is an asset. The reportable value is the value it was worth at the date of death, not what it cost to buy it in 1995. ...

Who is responsible for Federal Income Tax payment of deceased and widowed parent?

Your mother's estate is liable for the payment of the income tax. Therefore, any assets held in your mother's estate should be used to pay the...

Can I get a tax refund if I have one child, receive SNAP, TANF and Medical Assistance?

Regardless of whether you worked "on the books" or "off the books" the law requires that all income is reportable. Gross income means all income...

My husband and I are separated (2 yrs.) but file joint tax returns. Should I be paying 50% of taxes on his Roth IRA rollover ?

"The fruits cannot be attributed to a different tree from that which they grew." A quote by Justice Holmes of the US Supreme Court in an IRS tax...

A lawyer cheated me out of what was supposed to be a retainer. Can't get a refund or any work from him..

Not sure how the bar association can obtain a refund for you. Instead, you can file a complaint with the Pennsylvania Disciplinary Board. The link...

Can my lawyer not represent me in a case that has already been paid for in full?

Was your agreement reduced to a written fee agreement? If so, then an attorney would need to review the fee agreement that you signed in order to...

Was i a beneficiary in my close deceased friends will?

If there was a Will, then it would have been filed in the County your friend was domiciled. Your friend was living in Pheonixville, Pennsylvania,...

How do I handle the sale of my parents home while my dad resides in a nursing home and mom resides still in the family home.

This issue is too complex for you not to seek the advise of a medicaid/medicare/tax attorney. Here is why. First, your mother wants to sell the...

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Do I have to open an estate account?

If the banks are telling you that you need an estate account, then you likely need an estate account. Usually to open an estate account an...

Hello, If i receive every month around 2000 from foreign country, do I need to report it in 1040? This money is loan payback

A loan is money provided to the borrower that must be returned to the lender at a later date. A loan is usually comprised of principal (the amount...