Whether there will be a re-assessment depends on the policies and procedures of your local taxing authorities. I will, however, advise you to get...

Without knowing more specifics, it is difficult to determine what happened. Lots of moving parts here. I would advise your Executor to engage...

Agree with Mr. Isquith & Mr. Doland. You have not been harmed, so you could not recover any damages. It was an honest mistake on the part of...

Most booster clubs don't make enough money from year to year to have to worry about paying taxes --- so applying for tax exempt status is usually...

You need to think long term and not just about tomorrow's tax bill. Sooner or later you will want to sell your house in Illinois, and when you...

It's very possible that a return was prepared and filed, but it has not yet been processed by IRS --- especially if it was a paper return and not...

The short answer is this: if you sell for more than what you paid for it, then YES, you will owe capital gains tax, because this is not your...

You need to consult an expert probate/trust law attorney to review the trust document and prepare the necessary documents. Otherwise, you run the...

Somebody in the family -- either an executor or trustee -- should consult an expert probate law attorney to answer these types of questions. You...

Yes, you would report any capital gains in year 10. And you should have also been reporting interest income in years 1-9. Consult an EA or CPA...

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