There are fairly complicated tax rules about personal loans. I think the best option is to avoid having to deal with these personal loan rules....

Can I list my trust as beneficiary of an asset and accomplish the same thing as putting the asset in the name of the trust?

I suspect that the bank you are referring to is actually a credit union. Credit unions do not have accounts in the name of the trust. The...

Do i need to file a small claims affidavit after my mothers passing? Will creditors come after her house that was QCD to me?

If your mother transferred the home, rendering her unable to pay her debts, someone could allege that this was a fraudulent conveyance. A...

How do we get it out of the trust and into my name and my brothers name so we can sell it?

If the property is worth only $1,000, you should consider doing nothing. The expenses relating to the sale of the land could be more than the...

How do you transfer a deed over to the sole heir 2 years after the owner has passed away without probate?

You need to retain an attorney to prepare and record an affidavit of an unprobated estate. This affidavit could have been done shortly after...

Can she disclaim/transfer her share directly to us? How? Which State (AZ or WI) would we need to hire Estate Atty?

To disclaim assets, your mother is not able to use any of the assets being disclaimed. It is best to avoid using the estate's money for your...

Can I appear in court on behalf of my wife in a guardianship of estate hearing?

If she is unable to appear in person, she needs a licensed attorney to appear for her in court. If you are not an attorney, your wife should hire...

How do we have our wives buy a house in cash $80,000 without showing income and throwing up red flags with the IRS?

The way I read your question, is that you have $80,000 in US currency in paper money (not in any bank account.) If this is the case, your...

Is there a defense to a cancellation of debt notice received from the IRS?

You can disagree with a form 1099C for any legitimate reason. If you reason is other than insolvency, your return preparer may consider filing form...

Is a controlled foreign company eligible for tax deferrment?

As advised, it is best to obtain professional advice before you set up the entity. Subpart F income is one of the most complicated areas of...