First of all, if you are not working with an expert probate law attorney, you need to find one right now. What you have is a very messy estate...

If the taxes are dischargeable, then the penalties & interest should be dischargeable, also. You should work with an expert bankruptcy attorney...

The annual gift tax exclusion for 2024 is $18,000. So in 2024 you could gift your parents $36,000 ($18,000 to mom, $18,000 to dad) without any...

You are wise to file separately from your wife ----- especially if she cannot pay her tax bill. Sooner or later the IRS will come after her for...

Banks & finance companies generally ask for at least 2 years of income tax returns to assess a borrower's ability to pay on the loan. But if you...

Your question doesn't make a lot of sense. How would income taxes factor into closing costs on a closing statement? How did capital gains...

You may need to hire an expert probate attorney to change the name on the title of the house. If your mother meets the income requirements, she...

You say, "the accountant did the process to create the company" . . . An accountant should not be involved in entity formation. You should have...

Consult the attorney who represented you in your bankruptcy. Offer to pay for the consultation, so you get good, solid advice. Then do as the...

It depends. If you inherited the house, you probably got a step-up in basis, meaning that your tax basis in the house was equal to its fair...