It is not likely. When banks receive garnishments from the IRS they match up the TIN. A business account with an EIN is different than a personal...

Whether or not you receive an informational statement you are still required to report such transactions on your tax return. Your gain on the sale...

2018 taxes filing and exemptions?

Generally from a federal standpoint is almost always less expensive to file a joint return. some state's laws are set up so that people in your...

So sorry to hear about your mother. Whether or not the proceeds of the trust remitted to you are taxable or not can't be answered from the...

What are the conditions for transferring money to a US bank account from an international one without being taxed twice?

Income gets taxed, not bank accounts. Bank accounts only get taxed in death as part of the estate tax and there is currently a huge exemption...

I am selling my condo and buyer wants me to sign a 1041? Why would he want to do this

I am not sure what you are speaking of. From a tax perspective a form 1041 is an Income Tax return for Estates and Trusts. You as the buyer of real...

Is it possible to sue the estate attorney whom also serves as administrator versus going through an audit?

It is possible to sue your grandmother or anyone else for that matter. Whether you have grounds to sustain the suit or any possibility of winning...

I don't believe homeowner's fees are tied to income. It is something set forth in bylaws or deed restrictions. You would need to review the bylaws...

Which business structure would best fit my needs?

Generally you would prefer an LLC over a Corporation as your legal entity and generally I believe when gross receipts reach $50,000 you are better...

Should a paid tax preparer prepare a tax return for a married client who ask to file as single?

The tax preparer should prepare a complete and accurate return to the best of their ability based on the information they are able to maintain and...