Philadelphia, PA
Probate Lawyer at Philadelphia, PA
Practice Areas: Probate, Estate Planning, Tax
Generally, life insurance proceeds are not subject to income taxes. However, they may be subject to federal estate taxes if they and other assets...
Generally speaking word of mouth or a recommendation from your accountant or friends is sometimes the way to go. With the current availability...
Generally, spouses filing a joint return are jointly and severably liable for the taxes due. However, there are certain innocent spouse rules that...
First, the recipient never pays income tax on a gift. The person who makes gifts may be subject to GIFT taxes. Federal gift taxes arise on the...
You have not given enough facts to know what tax issues are being raised. It may be that he sold his home for a lot more than the $250,000...
Generally, any attempts to negotiate with the IRS to reduce amounts owed are usually through their Offer in Compromise program. As part of this...
Generally, state inheritance taxes are not deductible for federal income tax purposes. So it would not appear that an income tax deduction would...
You need to immediately file your individual tax returns. However, if your business is operated as an S corporation you need to file them before...
Generally, in most states, the debts of decendent are to be paid out of their probate estate assets. The beneficiaries usually are not liable for...
First, you need to contact the attorney who handled the estate to find out whether he is still holding this money in his escrow account. If he...
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