You would be crazy to pay additional state income tax that you do not have to pay. A lot can happen between now and when your kids start college....

If the real estate is in a trust, you should be working with an expert CPA or tax attorney who understands fiduciary income tax issues. Stop...

You are very wise to start an IRA. But you would be unwise to take the money out. As Mr. Cowan said, keep adding funds to your IRA --- cut down...

All things being equal, it is better to over-withhold than to under-withhold. I talk to people every day who have under-withheld and cannot pay...

For tax purposes the transfer would be treated as a gift. Your mother would be required to file a federal git tax return, but she will not have...

Whether the proceeds of a lawsuit are taxable is a complex issue. Ideally, this issue should be addressed in the settlement agreement by your...

You have discovered just one of the many problems that arise when people try to "avoid probate." The probate process ensures that the decedent's...

The main reason why many organizations become a 501(c)(3) is so that donations to them will be tax-exempt. In other words, they believe it will...

Agree with Mr. Ertle. You should walk away. Aside from the account that you were named as beneficiary on, you are entitled to nothing from your...

By signing the waiver, you are waiving your right to receive notice of the admission of the will into probate by certified mail. If you already...