I would never advise a client to set up a private foundation: too many traps for the unwary --- self-dealing being just one of those traps. The...

Yes, you should be worried about the possible consequences of Tax Fraud. You should also know that IRS monitors this site for indicators of fraud...

The RMD does NOT get paid to the estate. Normally the RMD is paid to the beneficiary, but since the beneficiary is not yet determined, the best...

You can find form 2024 1040-ES on the IRS web site at: https://www.irs.gov/pub/irs-pdf/f1040es.pdf You should write the tax year (2024) and...

Agree with Mr. Ertle. Many experienced probate law attorneys will advise their clients to wait out the 6-months creditor claims period before...

You need to consult a divorce attorney to enforce the terms of your divorce decree. Nobody on this web site can give you the help that you need.

You need to find yourself a good divorce attorney to represent you in the divorce and get the best settlement he/she can get for you.

If the car is received as a gift, a "Gift Affidavit" (Affidavit of Non-Dealer Transfers of Motor Vehicles and Boats) must be completed by both...

First of all, I'm assuming that the account that you are describing is an ordinary after-tax bank account and not a 529 account. Because if your...

To answer your last question --- if you receive a 1099-S, then you will have to report this transaction on a timely-filed income tax return. If...