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...

Best to sit down and discuss your plans with a CPA. There are far too many issues to discuss in an online bulletin board such as this one. In...

If your only income for the entire year was $250, then you are not required to file an income tax return.

This is not a tax law question. I am changing the topic to "Divorce & Separation" so you will get more responses.

Aside from going through her papers very carefully, you can try contacting her attorney, if she had an attorney. On rare occasions people file...

Fiduciary income tax returns (IRS Form 1041) are complex returns and should not be prepared by a non-professional. Contact an expert probate law...

You should consult a divorce attorney to work this out.

If the balance of the second account is more than twice the amount of the annual gift tax exemption, then a gift tax return will need to be filed...