You cannot change the language of a deed after a property has been sold. As to the sale itself, this sounds like an installment sale. You...

I'm not an expert on New York law, but in Ohio, the language of the contract (i.e., the beneficiary designation) controls. You waived your rights...

Assuming the account is a regular after-tax account, and you are the co-owner of the account, there should be no tax consequences.

In this country appraisers can do retro-active appraisals to determine the past fair market value of a property. This can probably be done in...

When you are talking about filing tax returns for many years ago things get more complicated. Valuations become more difficult. The attorney...

Think about getting a new "tax guy" or gal. Since passage of the Tax Cuts & Jobs Act, alimony payments are no longer taxable income (through end...

Absolutely! This is just one of the many reasons why people who owe back tax debt make efforts to resolve these issues. Perhaps you can take...

Yes. If your parents are married on 12/31, then you can file a joint return and sign your mother's return as her POA. However, it might just be...

If your income is below the amount of the standard deduction, then you are not required to file an income tax return. If you decide to file, or...

If your daughter is living in the condo as her principal residence, then she will be entitled to exclude up to $250 K of long-term capital gains...