Can I transfer title of my home to my daughter in 2014 without any tax consequences to her or me?

You will also be required to file a federal gift tax return to report the gift. I agree that it would be wise for you to consult with a...

How do I dissolve my llc. without having to file bankruptcy

File articles of dissolution with the Secretary of State, and if you have a separate tax return for the LLC, file a final return. Please be aware...

Should I have an investment property under an LLC

I recommend LLCs for all rental rental real estate in order to protect one's assets from claims associated with the property,. A lawyer can help...

My wife passed away Dec.14, 2013., can I file her income tax from last year with my taxes, or do I need to file hers separate?

I'm sorry for your loss. You can file a joint return with your wife for 2013, but any income earned by her assets after death or otherwise received...

Since her only child is deceased, you and your siblings inherit the land. You should consult with a North Carolina probate attorney.

How do I transfer houses into Brothers and my Name?

You need to have an attorney prepare deeds to accomplish these transfers. You should also be aware of potential gift tax consequences and the...

I am a NYS resident. Due to a death in the family, I inherited property in NC. I sold this property for $60,000.00.

You are required to file a return in NC to report the sale. If the net proceeds do not exceed the fair market value of the property on your...

LLCs pay no tax, only the members pay tax based on the net income of the LLC. The amount or percentage of tax you will pay depends on your total...

Am I exempt from paying federal and state inheritance taxes if I do not reside in a state that has inheritance taxes?

Technically, there is no federal inheritance tax - it's an estate tax, paid at the estate level by the executor. All U.S. citizens and residents...

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Where and when do you file a special needs trust ? It has been prepared by a lawyer

No filing or recording is necessary, or even advisable. Interested third parties can be furnished a Certificate of Trust containing only pertinent...