How do I buy out brothers in a family owned home

Both of answers by Attorney Fallahi and Attorney Shields offer sound advice. It would seem that getting an appraisal of the property would be...

My fellow attorneys offer sound advice as to the appraisal. But the real issue is what is being done with the property. If it is to be sold then...

S-corp and adding a partner/CEO and taxes owed to the IRS for dormant company/but want to start it back up in PA

Be careful here. When S corporations fail to file returns timely, there are penalties for each and every year the corporation fails to file. So...

Am I responsible to pay my deceased husbands back taxes from his self employement?

If you filed a joint return for the year of the self-employment taxes of your husband, then you are obligated to pay for these taxes. If in any...

Edit IRS tax filing

Generally, the statute of limitations is 3 years from the due date of the return, plus extensions.

My father just created his Will. I’ve been appointed his exeutrix. My mom, his wife is deceased. I am his only child. I am sole

It really depends on how assets are titled. These days estate planning is more than just writing a will. When I sit down with clients we talk to...

Are proceeds from insurance considered assets of an estate and will I have to pay inheritance or federal tax on them?

Life insurance proceeds are not included in the probate estate unless they are payable to the estate, so in your case they are not subject to...

Do not under any circumstances sign the Renunciation. Control of the estate administration is key here and by signing the renunciation you give...

What is the inheritance guidelines for parents handing down to their children when one is under 18

Estate planning is required here. Just looking at one asset of your mom is not getting the whole picture. But, as for the real estate, she could...

Can I be responsible for a letter I just received for early withdrawal tax penalties as the executor of my friends estate?

Sadly, this is what happens when people try to engage in activities that require the services of an estates/tax attorney. Best practices for...