You need to hire an expert probate and estate attorney to open an estate for your father and have your mother appointed as his executor/administrator.

If you filed "married filing jointly" with your husband in 2018, then you are jointly and severally liable for the taxes that are due. You need...

As a general rule, when a couple is contemplating divorce or is in the process of getting divorced, I advise one or both parties to file separately...

I agree with Mr. Cowan. You sound like a prime candidate for Currently Non-Collectible (CNC) status. If you need assistance, you probably also...

I doubt the insurance company will allow you to add a vehicle that you do not own to your insurance. Besides which, it is for the executor to...

You do not pay inheritance tax on money that you inherit. You should be OK with what you plan to do.

Selected as the best answer

As long as you use the correct EIN when filing your tax returns, you will be OK. IRS doesn't pay attention to names --- only numbers.

You need to talk to a tax attorney who specializes in tax exempt entities. Many laypeople (and many CPAs) are unaware of the danger of being...

With the lifetime exclusion currently at $12.06 million, odds are that your parents don't need to worry about paying any gift tax.

You should engage the services of a CPA or EA (Enrolled Agent) to prepare your income tax returns --- at least for the first several years that you...