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...

I inherited my mothers house,then sold it.?

As a practical matter, in most estates where real estate must be sold, there is little if any appreciation between the decedent's date-of-death and...

My daughter is dying. She is leaving $ for us to travel to see our grand kids. Can the IRS take the inheritance $ from us?

Mr. Cohen is correct in saying that if you are current with your payment plan, IRS will not go after your assets. However, the IRS does review...

Two weeks is generally not an unreasonably long amount of time for an attorney to prepare a final will, unless the attorney specifically promised...

How can i withdraw money from my ira without a penalty if I'm in the process of filing for disability but not yet approved?

First of all, keep in mind that any amounts that you withdraw from your IRA will be taxable income in the year that it is withdrawn, so you should...