Penalty to whom? Unless a tax reporting document is filed, IRS is not going to know about this payment. It would only show up if the tax return...

Sounds like the estate is not being handled through the Probate Court. Too bad! The Probate Court would ensure that the terms of the will are...

Your scheme will not work. The 179 deduction cannot be used to offset income from your job ---- only income from your car rental business. So...

Your son needs to consult a CPA. He should hurry, as the extension deadline (10/15) will be here before he knows it.

Nobody on a website can properly advise you without first reviewing the trust document. I You should go to the attorney who drafted the trust and...

As long as you are keeping up with your payments per your installment agreement, IRS should not levy your bank accounts.

Why are you posting questions on the internet when you already have an attorney? Go back to your attorney and ask him/her.

It's very difficult to prove the existence of a negative. You may end up having to pay back the $1400.

Adding another person's name to the title of one's house (unless it is a spouse) is almost always a bad idea --- for a whole host of reasons. ...

More information is needed to answer this question. You mention a "large shop building" on the property? Presumably this business structure is...