Philadelphia, PA
Probate Lawyer at Philadelphia, PA
Practice Areas: Probate, Estate Planning, Tax
From your facts it seems that you pulled money out of retirement funds but failed to pay income tax on them. Now they are garnishing your wages. ...
These are acquisition costs and are not currently deductible. They are part of the basis of the asset and will be used to calculate gain or loss...
Sorry, but you are out of luck. If the transfer was completed with the Recorder of Deeds, there was a completed gift. You will not be able to...
Retirement plans are subject to strict rules concerning their administration. You will not be able to force the plan to make distributions that...
Why are you dissolving these entities, as they give you liability protection and by keeping the status quo you avoid any income taxes. Hope this...
The gain on the sale is based on the difference between the sales proceeds and the basis of the property. The basis for the property is stepped up...
Form 982 is used to reduce certain tax attributes where there has been discharge of indebtedness income. If you are current with all payments and...
This question is 30 years late. You need to find your grandfather's will and have it probated in the county where he last resided. If he died...
Generally, state inheritance taxes sometimes have a threshold for filing a return. So you may need to file. However, usually debts are deducted...
You need to file your return immediately. At the same time you should contact the IRS at the phone number listed on the notice as soon as possible...
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