Is it legal for a company to take money out of your payceck for your 401K plan and insurance and not put it towards either?

Employers must timely deposit 401(k) monies into the plan. The failure to do so is illegal and can result in penalties. You should be very...

Your ssn can not be used for the Irrevocable Trust, since it needs its own identifier. It is a bit unusual however that you are the trustee of an...

If my brother renounces his share ofdad's estate, does his share get divided between rest of us?

The answer here depends on the assets involved and what the will may say. If the bequests to the three of you are "per stirpes" then his share...

Does an attorney have to provide full accounting within one year of death? It's been 1 year 7 months and nothing.

I am not quite sure of the facts you have presented. Are you the executor waiting for the attorney to prepare a full accounting? If this is the...

Is a house taxed at the time of death assessed value, or the amount one is able to sell it for, say 9 months later?

If the assessed value was used as the included value of the house for the Pennsylvania Inheritance Tax Return, then the basis is $125,000 plus any...

The will has been opened

Generally, wills are irrevocable at the death of the maker. So no one really can change the terms of this document. In some cases, a limited...

How much inheritance tax do I owe in the state of Pennsylvania. I'm a neice.

If the decedent was a resident of PA then the inheritance tax on the bequest to you as a niece is 15%. However, depending on how the will and the...

Can you deduct the amount of support money to paid for a person in jail for their upkeep, such as food and clothing,etc.?

Sorry to say, these are not deductible items for tax purposes. Hope this helps. If you think this post was helpful, please check the thumbs up...

Completing Probate in Philadelphia

Prudence would dictate waiting until you receive the closing letter from Harrisburg on the PIT return before filing the final status report and...

My son has not filed taxes for at least 10 years. If he files this year wil he be caught? And what can he do about this?

The quick answer is that he should file as many of the tax years as possible and do it all at once. If we are talking w-2s it should be pretty...