Can I exclude my pickup note from chapter 7 bankruptcy?

All debts are required to be listed. Hence, you must list the note on the pickup. Listing of the debt does not mean that the debt will be...

Usually the living trust distributes its assets upon the death of the grantor since its purpose is to transfer assets at death without the need of...

Can you use final Form 1041 Grantor Trust for a living trust when the Grantor dies or do have use a 1041 Estate Form?

Generally the purpose of having a living trust is to avoid probate altogether so I am not sure why there would be a need to file an estate tax...

Do I owe Georgia income taxes for 2015?

Since you were a resident of Georgia for all of 2015 you would be require to file Georgia income tax returns and pay the corresponding income tax.

If I pay the taxes on the property does that mean that I receive ownership of the property

If there is a probate going on you should discuss these issues with the probate attorney. Does your sister have court authority to sell the...

If you want to keep your car you will have to continue to make payments. Because the creditor is secured it will always have the right to repossess...

Limit for funds transfer from India into US to payoff loan. Any taxes applicable here again ?

You are a resident for US income tax purposes and therefore taxed on your world wide income. You will have to declare the sale of the apartment in...

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My question is, why is this reported as actual money the estate had when it this money was not paid? Is this considered a gift?

My first thought is why are you bringing something up that happened 8 to 9 years ago. The time to have questioned the return was back in 2007 when...

Does this incur any gift tax to me / giver. What are the annual limits Would it be advisable to split between me and wife

Gift tax is paid by the person who gives the gift and not the person who receives it. Currently a donor can gift $14,000 per person free of gift...

Can I request an extension to file my federal and state taxes?

You may request an extension to file your 2015 federal income tax return by the due date of the return which is April. 18, 2016. However, an...