While I am not knowledgeable about Connecticut's law, I believe most states permit executors to forego their fees. I recommend you secure a local...

Aunt "selling" property in SC to niece for $5. Tax assessment is $75,000. Does this qualify for transfer fee exemption?

I, unfortunately, am not familiar with S.C.'s real estate transfer tax, but your aunt appears to be making a gift far in excess of the annual done...

I owned a property in "joint tenancy" with my girlfriend. She died on 12/30/2013. I later sold the home in April for $786K

You should get an appraisal as of 12/30/13. Because of her death, you may be entitled to a stepped up tax basis for her interest in the property,...

Tax

He needs to file a tax return, and I would suggest he contact a CPA for that purpose. This is for informational purposes and should not be relied...

Should value of land step mom inherited from dad 20 years ago & signed over to me 2 years ago be claimed on income tax return?

While the land was a gift and not income and was well under the annual done exclusion, you may wish for your stepmother to file a gift tax return...

Can I file taxes with only student loan interest?

I assume that you did not earn income from your home. Assuming your only income was from social security, I would still recommend filing a return...

If you take money out of life insurance due to have to pay taxes on it.

I assume your mother is still living. If so, your brother will likely have a taxable gain; furthermore, if the policy is still owned by your...

When should I report payment on land contract on my Tax return no interest? Yearly or should wait till house is paid for? Thank

You cannot wait until the house is fully paid. Furthermore, the IRS may claim part of the payment constitutes interest. I would recommend you...

What are the legal requirements for international investors/trust to invest in an LLC already established in Philadelphia?

You need to secure advice from a tax attorney or a CPA dealing in international tax matters. Your advisor will need to check treaties as well as...

Is it illegal for my estranged husband to keep all of our tax return if he filed Married using single rate/married?

I believe you and your husband will be using attorneys in the upcomiing divorce proceeding. I believe the attorneys will agree to provide you...