I’m curious if there will tax implications when I hand over my father’s home ,that I alone inherited, to my brother?
Kaye's answer
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Answered on October 22, 2024
Is this the right way to go about this? NO. The proper document to transfer real estate is a deed. Your brother should contact a local real...
My accountant retired and transferred his customer accounts to another company.
Kaye's answer
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Answered on October 21, 2024
Report the firm to the Florida Board of Accountancy, which is the entity that regulates CPAs in your state.
Florida Board of Accountancy
240...
Will I receive a stepped up basis on inherited stock
Kaye's answer
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Answered on October 21, 2024
Nobody can advise you on your stepped up basis question without first reviewing the ENTIRE trust. Expect to pay for the attorney's document...
Non resident Alien: no tax for virtual services?
Kaye's answer
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Answered on October 21, 2024
You need to consult a CPA who specializes in the preparation of expatriate tax returns. You will probably have to go to one of the bigger firms...
Is forming an LLC the right choice?
Kaye's answer
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Answered on October 21, 2024
Best course of action? Consult a CPA. You will have to pay for the consultation, but it will be money well spent and you will save money on...
Planning to buy Tesla on my daughter's name with 7500 federal tax credit?
Kaye's answer
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Answered on October 21, 2024
Really? You don't seriously expect anyone to provide you with an answer based on the information provided, do you? Talk to your CPA --- he/she...
If one sibling pays taxes on inherited house and property. Can that one sibling own the entire house and property
Kaye's answer
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Answered on October 21, 2024
NO. Unfortunately, it sounds as though you are the victim of poor or no estate planning, or perhaps a misguided attempt to avoid probate. In...
Hello my dad had just recently passed away and I'm his only child but he is remarried will I receive any of his assets
Kaye's answer
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Answered on October 20, 2024
Nobody can answer that question without more specific information: namely, the contents of your father's will and how his assets are titled. In...
How can I deal with the IRS?
Kaye's answer
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Answered on October 19, 2024
Nobody on this site can advise you without more facts. If your daughter is concerned about her rights, she should consult a taxpayer defense...
My Ex-husband forged my signature in several tax forms many years ago. Do I still have the right to clear it out with the IRS?
Kaye's answer
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Answered on October 19, 2024
If IRS is not coming after you for back taxes that you owe --- and it sounds like they are not --- then there is no point in going after your Ex. ...
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