If my mother put me as a benefiter of a bank account, Do have to pay taxes on it?
No, inheritance is not subject to federal income tax. Estate tax is only on very large estates. Hopefully she and her account are not in a state...
Houston, TX
Tax Lawyer at Houston, TX
Practice Areas: Tax, Business
No, inheritance is not subject to federal income tax. Estate tax is only on very large estates. Hopefully she and her account are not in a state...
See https://www.irs.gov/faqs/irs-procedures/w-2-additional-incorrect-lost-non-receipt-omitted/w-2-additional-incorrect-lost-non-receipt-omitted If...
If you can prove you made a written request for your file and that your lawyer has refused to produce it, he has violated a disciplinary rule and...
Ask for 2-year installment agreement
No but the gift reduces Dad's lifetime exemption.
The Origin of the Claim doctrine says if the subject of the original claim was taxable, eg, lost profits or wages, then the recovery is too. If the...
You have not described your role in the business but Responsible Persons are typically those who make decisions about which bills get paid,...
Sorry, a parent must earn at least $3K/year for a refundable tax credit. Here's an article on the expanded 2018 rules:...
You can say no but things might get tense around the house. You can report tax fraud and Medicaid fraud but again, you might not like the...
See...