Who is legally responsible to file taxes for someone who has deceased? If the deceased owes taxes, who is liable?

I agree with Mr. Van Loo’s answer. I add this: The person responsible for filing and pay taxes of a deceased is a fiduciary. A fiduciary in this...

In Nevada can a living trust be transfered to next successor for the purpose of obtaining a loan, ?

There is way too much wrong with this question to even begin to answer. 1) What do you mean by "transfer to next successor"? Are you referring to...

I would like to know if a Nevada's LLC produced it income outside US must pay the federal tax

I agree with Messers..Cappuccio and D'esposito. Just so you know, LLCs are chameleons. They can be treated for tax purposes as a disregarded...

Can a person make a tax-free contribution to a trust and then the trust makes a distribution to me is that passed through legal?

This question is trust language intensive, who set up the trust, who contributed property to the trust, and possibly whether an accounting supports...

A friend is making a gift to my irrevocable trust, my distributions are not taxable, will this change with new asset of trust?

I agree with Ms. McMahon's answer. I would add this, essentially "gifts" under the Internal Revenue Code are defined as an exchange of value,...

Tax questions about an LLC that will buy and sell goods outside Nevada

I agree with Mr. D'Esposito answer. I would add the following: 1) What do you mean pay "federal taxes in Nevada." Federal taxes originate from...

My father had a Trust set up. He died in 2000 & my older brother ignoring my calls. I'd like to see a copy of the Trust.

Wow you have waited a long time! If you were named as a beneficiary, you do have a right to see the trust. However, your rights ultimately may be...

Can IRA LLC be put in a living trust?

Why have you done or will you do what you propose? Asset protection? If so, there are better ways to protect your IRA than what you propose. See...

After my mother's death what is the longest legal length of time I would ever have to wait to collect on her estate money?

Nevada law provides an estate is to be closed within 18 months from the date of the estate was open. When you say 6 months to close, that usually...

I agree with Mr. Leaveitt's answer. I would add this, from my perspective a Nevada based asset protection trust (NAPT) is better than an LLC for...