Tax Implication on Loan vs Gift

Beauty is in the eye of the beholder. It's not really a tax question at all, unless you have a very large estate, and making a gift would use a...

Yes. The IRS and md comptroller have an information sharing arrangement-- either agency can file to intercept or offset your refund if you have a...

Can Medicaid take my estate

Medicaid may apply a lien to your estate. Medicaid liens protect Medicaid’s interest in the recipient’s former home and its right to recover...

Can Medicaid take my estate

Medicaid may apply a lien to your estate. Medicaid liens protect Medicaid’s interest in the recipient’s former home and its right to recover...

Resident alien parent dies. Estate is ~$300K. Three will inherit. What are the estate tax or inheritance tax implications?

The current federal estate tax exemption is $5M. The current Maryland exemption is $1M. Maryland relies on a federal return to determine the...

My Grandma's power of attorney dissapeared, with her money, what do we do?

Consider a guardianship action. If you are related you can file to have yourself appointed as guardian. The court will notify your other family...

Unless you were occupying the property pursuant to a lease, you may not have a legal right to continue to be there. it sounds like you were a...

What can I do legally if my money was in my wife's bank account and she took all of the money out and put it in her moms account

Good luck! It sounds like she had legal dominion and control over the money. It may wind up being deemed marital property, which may mean you...

I found out by IRS that my filing status is 'Married Filing Jointly' for tax year 2010 as I got married on 28 Dec 2010.

Are you sure? Generally you cannot file married filing jointly, where your spouse is a non-resident alien. Check out...

File a petition for guardianship. What is a Guardian? A guardian is a person who has been appointed by a court (usually the probate division of...