Form 709 TAX for reporting gift tax for year 2012

April 15th is the due date and it is filed separately and not with the Form 1040. Have a tax attorney or CPA assist you.

If you owe money to the IRS, can't you barter with them to reduce the amount?

You are talking about what is called an offer in compromise. These are hard to effectuate. For more on this and the recent IRS changes called...

This can always be a sensitive topic. First, do you have any misgivings about his honesty and loyalty to mom and the family? Second, if he is a...

Tax Consequences

For the special tax break the debt was used to acquire, construct or substantially improve a residence. For more on insight into all of the...

Converting an LLC to and S-Corp

Both attorneys offer excellent advice. Also, Mr Martin raises the merger rules and the tax free merger rules are under Section 368. It is an A...

Converting home to rental for purposes of deducting a loss?

These are tough cases. This may be too short a time for the IRS's liking. The rule is that the property must be converted to rental use. The...

Condition or restriction of a SLAT be

Trusts provisions can vary greatly. You need to have an estates attorney review your actual trust to see where you stand. Hope this helps. ...

Dad died leaving a trust for support of my stepmother; she has many personal assets. How much does the trust have to pay her?

Both attorneys offer sound advice. With this much at stake get with an estates attorney to review the trust document, the overall situation to see...

Estate paying the operating costs of Mother's home even though there are not plans of selling it.

Mt Tomberg offer excellent advice. You must get your own estate attorney involved. You have waited too long here. Hope this helps. ...

I need help with a settlement for my children

I agree with the prior attorney to a point. If you have no place to live and you have absolutely no money, then you may have a shot. And it may...