You need to be speaking to your bankruptcy attorney.

In 2023, you can gift $17,000 to an individual without having to file a gift tax return. If you gift amounts higher than $17,000 you will be...

Whether or not there are taxes due on the sale of property is not a question that can be answered in this forum as that determination depends on...

Gain on sale is determined by sales price minus basis. If you were supposed to receive $X on sale but received less than $X, the gain will be...

Bankruptcy trustee's have a lot of power to "undo" transfers and claw back assets. Creditors do not take kindly to fraudulently incurred debt....

Per the IRS: The law requires trades and businesses report cash payments of more than $10,000 to the federal government. Cash includes the coins...

Your accountant or tax preparer will know what to do.

The divorce decree does not take precedence over the tax laws if the divorce decree was entered after December 31, 2008. If that is not your case,...

Your stock would be an asset just as if you owned stock in a publicly traded company. The only difference would be that determining the value of...

Unfortunately, the company has the right to file for bankruptcy. If the company files a Chapter 11 then you may get paid part of your debt over...