I thought a irrevocable trust was used to protect beneficiaries from any taxes when trust is distributed ?
Irrevocable trusts can be used to avoid estate tax. However, they do not avoid income tax, which is what the 1099 is for.
Columbus, OH
Tax Lawyer at Columbus, OH
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Irrevocable trusts can be used to avoid estate tax. However, they do not avoid income tax, which is what the 1099 is for.
You need to consult a tax attorney who also understands estate planning issues. He/she can advise you as to what is best in your situation and...
It is unclear what happened here. If you just filed 2016 and 2017, those would be paper-filed, rather than efiled, and will take a long time to...
You need to consult a CPA who specializes in US tax issues and also understands Hong Kong tax laws. I'm sure there are probably special reporting...
It is very rare for OIC's to be granted upon first application. Most have to go through appeals. Suggest you engage the services of an attorney...
The apartment will issue you a 1099 after the end of the year, and they will need your SSN to do this. You should fill out the W-9. You may...
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If the property was titled in her name, then it will need to be transferred through probate to get the property titled in your own name. Then you...
2021 refund? Be patient. If you efiled your return you should get it shortly.
Nobody can answer your question without first reviewing the trust document. If the trust is a so-called "grantor trust" then you do not need to...
My condolences on your loss. It sounds as though you were not named in the hand-written "will" that he prepared. And you are not a legal...