Got 1099-C on home forclosure?

See a CPA right away. Many homeowners who go through a foreclosure are able to avoid the discharge of indebtedness income by showing insolvency.

Need help resolving this issue. Please, state your terms and fees. Regards

I think any attorney who wants to answer this is going to need much more information. You should instead contact local tax attorneys to have a few...

Can i do $10000 gift for my son...?

Not sure exactly your question or concern - but you are free to gift him any amount you wish. If the gift is made this year (2014) you can give...

Our taxes were filed and accepted in January. According to turbo tax we were set to receive a refund in the amount of $1128. How

They will still probably take the refund and apply it to 2011 - most likely the installment agreement you had for 2011 states that any refunds will...

Can the gov (Texas) claim my grandpa's house if he goes to a nursing home? They rely on Medicaid.

Very simplified explanation: The institutionalized spouse (grandfather) if on Medicaid will go to the home, the community spouse (grandmom) can...

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Wife's Dad's Pension

You would have to review the pension documents, but that is not typical. It depends on the plan type etc. Most normal 401k type plans would pay...

My cousin and I both were both power attorney over my grandmother estate and health decisions now I have sole power. She accused

You are your cousin are co-agents under health/financial powers of attorney? Your cousin who is the co-agent stole money for herself? Get yourself...

If a person mentioned in a will dies, does the money he would have inherited go to his heirs?

So there is a will- the will may say what happens. Firstly - did the deceased beneficiary (child) die before or after the decedent? That may or...

Is probate required when I am executor and sole beneficiary to estate? There is no money just household goods?

You may be able to use small estate procedure...but you must be careful about opening an estate if you strongly believe it is insolvent.

I am one of four beneficiaries. My mother had an annuity, for which I put a claim in, but the executrix had to sign it.

As stated it does not make sense: You need to clarify or find out somehow the following. Were there beneficiaries listed on the annuity (as in,...