This is not a tax law issue. It is an inter-family dispute. If you have a contract in writing, then the terms of the contract prevail. If...

There are firms that specialize in this. Recommend that you find a local firm that does this.

Nobody on this forum can answer your question based on the information provided. You will need to engage a CPA or EA and have them run the...

Cost varies --- read the instructions on the forms.

If you were legally married at the end of 2021, then you should file MFS (married filing separately). Do not try to file jointly with your...

The answer depends on many variables including your parents' income and whether you provide more than half of their support. Suggest you talk to...

You need to be more specific. Is this an asset that you can sell a part-interest of? What if your fiance does not want to sell his interest in...

Your question makes no sense. Please explain in more detail what you are hoping to accomplish.

This sounds to me like "Income with Respect to a Decedent" (IRD) and it is definitely taxable. The problem is that because most CPAs do not deal...

You may be able to get the penalties waived if you have a good track record with IRS and they have never assessed penalties against you before. ...