I recently got a Trust EIN number online for a new trust? I put 8/22 as funding date. I'd like to add items 5/22?
I suggest you report the trust annual income and expenses on the Form 1041 for the year.
Houston, TX
Tax Lawyer at Houston, TX
Practice Areas: Tax, Business ... +3 more
I suggest you report the trust annual income and expenses on the Form 1041 for the year.
If you and ex-spouse each own undivided 50% each in the property, and she pays all the property taxes, she has a right of reimbursement against you...
Yes - you can sue your tax return preparer. However, most people don't because if you can prove he didn't use ordinary care (not perfection), your...
Your question is very wordy and confusing, but it appear your question is about basis of the exchange property. You get a carry over basis from the...
You should contact the Texas Attorney General office. They may be able to help you get a child support order against the non-paying spouse, as well...
Alternatively, you can just be sure to include the cancellation of debt income on your tax return, and pay the tax (or get a payment plan). Just a...
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I suggest you consult with an attorney who can review the facts to determine is the deed is valid, and if the heirs are liable to reimburse "the...
If it is a bona fide lease for value, yes you may deduct vehicle expenses you pay and depreciate the vehicle. You also would have to report the...