I'm not sure about St. John's County, but in Miami-Dade the filing can be done online and takes just a few minutes.

Do I have to pay capital gains or inheritance tax?

It sounds like your father gave you and your siblings the property but retained a life estate. Assuming this is the case, as my colleague says,...

DTD is just an abbreviation for "dated," meaning the date the trust was signed. When referring to a trust, one should always use the date of the...

Is my federal tax level correct?

It appears that for federal income tax purposes you are considered a non-resident alien (NRA). NRAs are subject to 30% withholding, although the...

What are tax implications of distributing the principal to the beneficiaries, and dissolving a trust?

In most cases there will be no tax on the principal. If any income has been earned in the trust, however, net income will be taxed proportionately...

In NY, a will and a irrevocable trust are in contradiction on real property allocation. Which document prevails?

The terms of the Will control since the property was not owned by, or apparently payable to, the trust at the grantor/testator's death.

Irrevocable Trusts

I agree with my colleagues but would add that distributions to beneficiaries from trusts often include a portion of taxable income that was earned...

Can my non USA citizen wife with a green card gift up to $14,000 like I can?

Yes, as a permanent resident she can gift $14,000 per person per year. Gifts in excess of that amount must be reported on a federal gift tax...

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If your wife's sister does deed the house to your wife, she will be required to file a federal gift tax return reporting the value of one-half of...

How do I pay the IRS from a new llc When I do not take a paycheck?

If you are the sole owner of the LLC, the LLC is not responsible for paying any taxes and is not required to file any tax returns. You must report...