It appears from your question, which omits certain necessary facts to describe the situation, that you father has passed and the funds were issued...

You are liable for income tax, and to report the income on your tax return, in the year in which you have constructive receipt, even if not paid...

The advice from the IRS is correct - there is no extension to pay taxes - there is an extension to file returns, and an installment agreement to...

It is not clear who is being sued - the buyer or the seller. Regardless, if anyone pays the taxes, fees and penalties due, for the taxes due per...

As I understand your factual recitation, you have no legal interest in the property, as of the date of death, - you are not a common law spouse,...

No - the death of the homeowner cancels the homestead and other exemptions (over 65, disabled, veteran, etc). The daughter will have to file an...

The county clerk may not have done a careful search. You can search the county property deed records yourself (you may have to sign up for access...

Yes - the IRS Wage Income reports of Payers transcript is a reliable document to determine W2 information to report on a federal tax return.

As you describe it, whether he has a will or a transfer on death deed, or no will, he only has half interest in the house to transfer. Have you...

US citizens and residents may exclude up to $15,000 per donor per donee from US Estate and Gift Tax. Amounts in excess are required to be reported...