What is done when an inherited annuity is paid to the wrong person and the annuity company found the mistake in an audit?
Kaye's answer
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Answered on September 12, 2023
I agree with Mr. Starke. If the insurance company paid all the money to the daughter, rather than splitting the money, that's the insurance...
Does the Internal Revenue Service have the ability to force a non-US Citizen to turn over tax money that they skimmed illegally?
Kaye's answer
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Answered on September 12, 2023
If you are saying that your employer failed to remit your withholding tax, then you are on the hook for that. If employer no longer has ties to...
What is the best option to gift a house to our son?
Kaye's answer
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Answered on September 12, 2023
Agree with Mr. Ertle --- you need to consult an expert estate planning attorney. That having been said, as you are well under the $12 M estate...
Whats the best way to handle an inherited property buyout while avoiding as much tax/capital gains issues as possible?
Kaye's answer
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Answered on September 12, 2023
If you are contemplating a private sale and you want the price to be fair, then an appraisal is advisable. Otherwise, you could end up getting...
Am I personally responsible for taxes due on my deceased father's estate?
Kaye's answer
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Answered on September 12, 2023
If a creditor gets paid out of line, or if you make a distribution to beneficiaries, then YES, you are personally responsible. You should be...
My children's great grandmother purchased them CD's when they were born back in 2003 & 2004? Don't know where they r now?
Kaye's answer
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Answered on September 12, 2023
You can try searching the Ohio unclaimed funds database using your children's names. The web site...
I received an inheritance while I was on an IRS payment plan.
Kaye's answer
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Answered on August 31, 2023
If you have completely paid off your back taxes, then IRS will not take any more money. However, if your payment plan is still active, IRS will...
Do I need to file a 1099?
Kaye's answer
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Answered on August 28, 2023
You need to consult a CPA or tax attorney concerning how to account for this loss. However, at first blush, I'm guessing that the $50 K cannot be...
My girlfriend is old $90,000 for property that her father left for can she award me a present for the money and still not be ta?
Kaye's answer
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Answered on August 28, 2023
Tell your GF to consult an expert probate law attorney. He/she can help your GF get her money without having to gift any of it to anyone.
Do I need to file a 1099?
Kaye's answer
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Answered on August 28, 2023
You need to consult a CPA or tax attorney concerning how to account for this loss. However, at first blush, I'm guessing that the $50 K cannot be...
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