IRS and state tax authorities levy your bank account when they want to get your attention. It looks like their strategy worked. I suggest you...

When there is not enough money in the estate to pay creditors, this is called an insolvent estate. Creditors are given notice by certified mail,...

If you are selling a business, you need to be working with an experienced team of advisors: an attorney as well as a CPA. They can advise you...

If you sell house close to the date of your mother's death, then the selling price is presumed to be the fair market value at date of death, not...

What you really want to know if whether you get the basis step-up, and the answer is YES. Your tax basis in the property is equal to the fair...

If you have a Green card, or if you meet the FIRPTA "substantial presence" test, the sale will not be subject to FIRPTA withholding.

What is the fiscal year for the estate? How much money was distributed? Is the estate now closed? There are a host of questions that need to...

What kind of board? What do the governing documents say? You need to consult an actual attorney for advice and recommendations. Expect to pay...

If there is a proceeding in Probate Court, the Executor will be required to file an account with the Court saying exactly what was paid and to whom...

Many people arrange their affairs so as to avoid probate. It is very likely that your mother did this, in which case her will would not be probated.