Most CPAs have their clients sign a standard form agreement for preparing a client's taxes at the time the organizer is sent out and before work...

Withdrawals from your mother's IRA really have nothing to do with the trust, as the IRA was not an asset of the trust. When your sister withdrew...

My Mother has full on Dementia/Alzheimer's Can we still receive any gift income?

You can only receive a gift from your mother if she has a power of attorney with authority to make gifts. That means that the power of attorney...

How can I receive a gift from a future revocable trust?

Your sister is wise not to transfer any of your mother's property without first consulting an attorney who specializes in Elder Law or Medicaid...

Yes. A common use of power of attorneys (POAs) is to designate an agent who can handle the principal's affairs in the event of incompetency. A...

The tax advisor is asking for your SSN because he/she will need it to prepare your Schedule K-1 as part of the fiduciary income tax return for the...

Deceased Father In Law Owes Taxes, yet owns assets?

You should consult an experienced probate attorney in the state where your father-in-law lived. Probate laws and procedures vary widely from...

Employer won't pay independent contractor

For starters, you need to make sure that you and your mother have actually been miss-classified and are not actually independent contractors. ...

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If you don't want to charge interest to your sister then don't worry about charging interest. Since you expect to be repaid in six months or so,...

Until recently, IRS charged a fee to provide preparers with PTINs, which is probably why some firms "double up" and use fewer PTINs. A United...