There are reporting requirements, and the penalties for non-compliance are draconian. You should consult a CPA who is knowledgeable in FATCA...

Ohio does recognize a Lady Bird Deed which is referred to here as an enhanced life estate deed. However, the property has to be specifically...

You are being paid for services rendered. You absolutely need to report any money that you receive on your income tax return, regardless of...

Agree with Mr. Cowan. I would add that an experienced CPA can help you compute your capital gains taking into account your tax basis as adjusted...

It sounds like you are trying to administer a decedent's estate without the assistance of an expert probate law attorney. Bad choice. An expert...

The value of consulting an estate planning attorney is that people think about problems that they might not otherwise imagine. Certainly illness...

I generally advise against transferring automobiles into a living trust: that just creates a lot of hassles and problems. In your question, you...

No. The banks and credit card companies cannot levy your friend's bank account simply because you are named a beneficiary on that account because...

Regardless of whether you are required an income tax return, the church is required to report this grant to the IRS and they need your SS#. As...

Nobody can advise you without reviewing the deeds and other applicable documents. You need to consult an expert probate law attorney who is...