What is the tax hit when you sell a home that was left to you through a will?
If they sell the house soon after inheriting it, at the same value as it had on the date of death, there should be no tax at all.
Atlanta, GA
Tax Lawyer at Atlanta, GA
Practice Areas: Tax, Business, Estate Planning
If they sell the house soon after inheriting it, at the same value as it had on the date of death, there should be no tax at all.
What exactly is a "partner?" Unless you are married to someone, your tax situation is separate and apart from theirs. Unless you decide to hire a...
Yes, you can, but no, you shouldn't. Some day something will happen and it will be discovered. Then the back taxes and penalties will be billed...
I never guess without examining the paperwork, but you are very likely outside the collections statute of limitations. You can always have a tax...
If you only owned $.50 worth of coin, you probably don't need to do anything.
It is unlikely the IRS will agree to discharge or subordinate this lien if your sibling's name is on the title. Please consult with an experienced...
It is doubtful that the bylaws can be "suspended." You will have to take the documents to an attorney for an in depth consultation.
I certainly hope you filed your own return as a single person. You have done everything correctly, but might consider also filing IRS Form 3949-A,...
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NO, the IRS cannot and does not "attach" a lien to your rental property IF the tax debt is in the name of the tenant. The title searcher is...
It may not be illegal, but that is not the issue. You must demand, in writing, a corrected 1099 be issued and transmitted to the IRS. You might...