Agree with Attorney Cowles. You will need to pay tax on the capital gains from your interest in the property that you are selling. You will need...

Anytime you are "renting" an account in your own name to somebody else, you run the risk of problems with IRS and other taxing authorities. Best...

Best to answer honestly, and write in an explanation after the word "YES"

Life insurance proceeds are not considered income for income tax purposes and it is exempt from Pennsylvania inheritance tax. However, the other...

If you want to know for sure, a taxpayer defense attorney can find out for you if there were any intervening actions on your part that might have...

You should have a new will prepared by an expert estate planning attorney. The will should name your new choice for Executor.

Without more facts, nobody on this forum can advise you. Your mother needs to sit down with an expert probate law attorney for expert legal...

Yes, you must pay capital gains tax. What's more, your accumulated depreciation that you took over the years that the property was a rental...

Using an LLC to get wage income is a "game" that some employers use to avoid paying employment taxes. It benefits them, not you. More...

As long as you live in the house for 2 of the immediately preceding 5 years prior to the sale, that should be OK.