Technically, if you are not a tax-exempt entity, any money that you raise is considered income to you. However, your donations to support the...

Debt forgiveness is considered taxable income, unless certain exceptions apply. You should probably consult a tax professional. If you cannot...

Basis step-up is what it sounds like: step-up in tax basis to fair-market-value at the date of the decedent's death. Strongly encourage you to...

It sounds as though they paid you a small amount in the beginning of 2021 (did you leave toward the end of the year?) and you just forgot about it....

Agree with Mr. Cowan. You will have to pay tax on any gains, subject to the exclusion rules for principal residence, and step-up in basis for...

You not only need to find another CPA willing to give expert testimony, but you also need to find an attorney willing to take your case on a...

It sounds as though you are trying to prepare a fiduciary income tax return (Form 1041) yourself. This is a very bad idea! These are extremely...

You need to engage the services of an expert trusts & estates attorney --- quickly, before you lose your buyer.

You need to be patient. IRS is still backed up in processing paper returns, and many other paper-filers are also waiting to get their returns...

You have not provided enough information to answer the question. If the grandparents died recently, then it is unlikely there will be a tax hit,...