Archived
Can & should I continue to try to contact an executor of an estate if he told me to never contact him?
Kirk's answer
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Answered on January 25, 2014
I agree wit Ms. McMahon and Mr. Kirtland, your communication directly with the executor is likely not helping, and in fact may now be impairing the...
Am I allowed to enter my deceased father's house if I am a beneficiary and my sister is his executor? Thanks!
Kirk's answer
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Answered on January 25, 2014
Mssrs. Pippen and Zelinger are correct, the personal representative has a duty to protect the property of the estate. My twist on this is, why put...
Archived
When does income made by my trust have to be paid & can principal be paid to me for support I.e. rent, good & bills?
Kirk's answer
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Answered on January 25, 2014
As a beneficiary of the trust you should have right to have a copy. The terms of the trust should (but not always) say when distributions should...
Am I required to sign a Receipt and Indemnification form in order to receive the final distribution of an estate?
Kirk's answer
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Answered on January 25, 2014
The various states' probate codes requires certain actions, including an inventory and accounting of estate assets, expenses, etc. If you are...
Archived
I'm trying to sue my grandfathers state guardian for selling his business when my grandfather didn't want to sell it.
Kirk's answer
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Answered on January 25, 2014
A temporary guardian is a legal term of art in the various states. In Nevada a temporary guardian has limited powers until a full hearing is held...
Archived
How should i apply for individual tax id ?
Kirk's answer
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Answered on January 25, 2014
If you earned income and or joining with your spouse to file a joint tax return, then you need to obtain a ITIN number. You should speak to an IRS...
Archived
Do I need to file tax if my only income is $200 per year from a foreign bank account interest?
Kirk's answer
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Answered on January 25, 2014
Assuming your income is only $200.00 from a foreign bank account. No FATCA (Foreign Account Tax Compliance Act) reporting is required because you...
Archived
Do I file my daughter's 1099?
Kirk's answer
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Answered on January 25, 2014
This is a Kiddy Tax Issue. She has less than $2,000.00 in unearned income so you do not have to report her income on your federal tax return. ...
Archived
Who gets the tax write off?
Kirk's answer
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Answered on January 25, 2014
If you are so concerned about what the IRS will allow, consider talking to a family / tax lawyer to draft an agreement between the two of you...
Archived
What consequence for filing only personal taxes when my business was incorporated for four years?
Kirk's answer
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Answered on January 25, 2014
Was the entity a C or S Corp for US tax purposes? If an S-Corp, you should consider filing all your returns. You will have penalties for not filing...