It sounds as though you have been using rental real estate as a retirement savings vehicle, rather than a more tax-favored account such as a 401k...

You seem to be confused on the rule for the sale of a principal residence. You say: "I am supposed to wait until February 2025 for the 2 years...

You should consult an expert probate law attorney in your area. The attorney can answer all your question as well as related questions related to...

YES! If mistakes were made or if the trust were mis-managed, then the Trustee can be held personally liable for both the taxes AND the penalties,...

Tax-wise, as long as the distributions are made in the same calendar year as the stock is sold, it makes no difference: the trust would get a...

It sounds like you don't have a CPA, which is very unwise. Anyone who is trying to run a business of any kind should have a bookkeeper AND a CPA....

Talk to your divorce attorney. You may need to get a modification of your divorce decree in order to do what you want to do.

Without reviewing your pay stub, nobody can determine exactly what is going on. If you think you are being taxed twice, talk to your HR...

If your son had named a beneficiary on his IRA, then that would pass outside of probate; otherwise not. Same with the brokerage & bank accounts. ...

Sorry. Nobody can help you without more information and without reviewing the trust document. However, if the property is still in...