Unless the penalties or avoidable tax is many tens of thousands of $$ and within the negligence statute of limitations period, it’s probably not...

California is very aggressive about taxing out-of-state income. I have heard of CA residents working in other states having to pay taxes to both...

The most common advice to folks who cannot afford the ongoing expense of ownership is to put it on the market as you will almost certainly get a...

I would think so as it would with income from any other gift. Yes on the 709. There are appraisors for almost anything. The big factor would be...

As far as federal capital gain exemption, it only applies to a Primary Residence. There is no federal disability exemption. There is a potential...

You can sue him for breach of contract. If your agreement was for him to repay you more than 5 years ago, he might have a state of limitations...

1. No damages to support a lawsuit. 2 any potential statute of limitations for civil claims or criminal charges has expired. If a certified letter...

Play it safe and go with the earlier deadline and keep proof of timely filing and service. I’ve seen judges refuse to admit anything based on...

If you are not willing or able to retain bankruptcy counsel to advise you and to pursue this, you will have to rely on the bankruptcy trustee or...

I believe the answer to your first question is Yes and to your second one is possibly but I am not aware of any such subsequent rule or...