I would recommend that all sign the income tax returns. By naming three co-executors, your father intended that you all act together as a team.

How can I get trustee to reduce tax liability on trust?

The trust's asset mix could be changed to take advantage of: tax exempt bonds; qualified dividends; and life insurance.

What is the next step to take after obtaining 2 doctors letter stating my dad is mentally incapacitated? I have the letters.

When you think that it is a good time to bring up the subject with your father, you could ask your father: Why he put his assets into joint...

I want to close a business I acquired 6 months ago, but have tax liabilities that I can't pay. How can I do this?

It appears as if you bought the business without an attorney. An attorney should have found out about the undisclosed liabilities and you could...

Will I be taxed on money received from sale of my father's house based on terms of my parent's divorce 30 yrs ago.

From your facts, it is not clear who owns the home. (Your parents each 1/2? or your father 100%.?) The owner would report their share of the...

I agree that you should hire a criminal tax attorney. In addition, I would recommend that you would show your attorney your last four income tax...

Can I participate in the IRS Whistleblower program if a company failed to provide it's contractors with proper 1099 forms?

The IRS does pay for tips that result in the IRS actually receiving money. If the IRS is already examining the issue, you may not receive any...

From the standpoint of the outside investors, it is best to have a new LLC created. This protects the new investors from the risks that the old...

The entire court file is available for public inspection at the probate court clerk's office. If there is a codicil, it should be in the probate file.

Will I have to pay capital gains tax?

Since your parents kept a retained interest, the property's income tax basis is the fair market value as of the date of your last parent's death....