If you own the house when it is sold, then you would be responsible for the capital gains tax. If you give the house to your grandchildren (while...

Without knowing more of the specifics of your situation, nobody on this site can tell you whether this is right or wrong. NJ does have an...

Nobody can give you meaningful legal advice over the internet. You need to consult an expert probate law attorney as well as an expert tax...

You are correct that there will be gift tax implications if you transfer anything of value to someone other than your wife. At a minimum, you...

"Any advice I would greatly appreciate." Go see an expert tax dispute resolution attorney ASAP. Based on the facts stated in your question, you...

It sounds as though your mother died intestate --- without a will. You, or whoever wants to be in charge of administering your mother's estate,...

The more serious issue that you need to contend with are the FBAR and FATCA reporting requirements. You need to find a CPA or tax attorney who is...

A 1099-C is typically sent to the debtor when the account is written off the creditor's books. This can be the same year, or it can be several...

It sounds as though you are working with a shady tax preparer. CPA's and EA's are licensed, so they are less likely to engage in such shady...

If your father's estate was probated, you should be able to get a copy of his will from the Probate Court. Otherwise, it is very likely that...