Here's some insight: if your parents left a combined estate of approx. $11.5 million, you can easily afford to hire an expert probate law...

You could file a Motion for Reconsideration with the Court, but it will probably be denied. There are no appeal rights from US Tax Court. If...

You need to sit down with a CPA ASAP and make sure that you have an adequate bookkeeping system in place so that you can track the cost of the...

Agree with Mr. Cowan. IRS can put a lien on any property that you own (or co-own), and they can levy or seize any accounts that your name is on...

Yes, they may investigate the people that you report. They may also investigate YOU.

Any gift above the annual gift tax exclusion amount must be reported. Consult a CPA or tax attorney about preparing and filing a gift tax return.

Yes, the car accident settlement is probably taxable income for you and will need to be reported.

It's too bad that you didn't "bite the bullet" and sit down with an actual attorney or financial planner before closing your account. "Self...

Without knowing the details of the settlement, it's hard to say for sure. But my initial reaction is that this is NOT a long-term capital loss.

You can have a retroactive appraisal done. It will be more expensive than a contemporary appraisal would be.