It sounds like you have generous sisters. I am sorry for your loss of your older sister. There are actually three types of tax issues I want to...

Your question doesn't have a lot of information to work from. So, I'm going to give the frequent lawyer answer of "it depends." When you sell an...

First off, I'm sorry to hear about your father's passing. It is never easy no matter how old we get to lose a parent. Second, there are some...

Congratulations on starting your new business venture! Your question is very limited in information. Here are a few reactions: 1) US citizens...

The general answer is yes, the gain on the sale of a personal residence is subject to capital gains. That the residence is in a trust doesn't...

Over my 26 years with the IRS, your story is similar to cases I worked. I would recommend you reach out to a tax lawyer (myself or another) as...

Assets like bank accounts with pay on death beneficiary designations are designed so they do not go into a will and be subject to probate. Each...

I suggest you reach out to a local legal aid organization to find a lawyer to assist you. ...

I know this is hard and stressful. Getting behind filing your tax returns and dealing with IRS procedures isn't easy, and it isn't easy to do it...

Your questions raises multiple concerns. An amended tax return may be filed after someone passes away, but the person(s) signing need legal...