What you leave your children as an inheritance is the child's separate property. The deed to them from your trust will almost certainly read...

Right now the IRS has its hands full with other issues than trying to figure out whether or not you filed in back years. However, the only correct...

As long as your sibling is making payment under the agreed upon plan with the IRS, the IRS is not going to make a seizure. Yes, the IRS can seize...

Tax attorney question about commission?

It appears that this "employee" is indeed an "employee" so that you should be withholding Social Security, etc. It sounds like the employee is...

Can I use a house deduction on my taxes if I've been removed from the deed but still on the mortgage?

If you are liable on the mortgage you can deduct the interest payments. You have my best wishes for a horrible situation.

Where do I start ? What professionals do I need

You should talk to a real estate lawyer in Honolulu. At this point, with a recorded lien, it is not really a tax problem. Of course you should...

The answer to your question is "maybe", even "probably." A durable power of attorney may give you the power to create a trust. You need to show...

Tax implication of transferring real property to mother as loan repayment?

Mr. Duran addressed the property tax issues. there is also an income tax issue. If the home has appreciated, then you will recognize capital...

If your mother is on the deed of trust, then she is not an owner. If she is not an owner, then, no, the IRS will not attempt to place a lien on...

Do we have to pay a capital gains tax?

It does not sound like you qualify for the $250,000 per person capital gain exclusion of IRC Section 121. Talk to a competent CPA or go to...