Do I need to pay inheritance tax on my Mother's home that I am selling that is in her trust?

"Inheritance tax" is a state law issue. California hasn't had one since about 1982. By contrast, an estate tax is a federal issue and that won't...

Plaintiffs win because the law gives a joint owner an absolute right to force a sale. The law doesn't want a joint owner to be locked into an...

We bought a home for $163k in June of 2017. Selling for $157k about a year later. Will I have to pay capital gains taxes?

The two year rule refers to IRC Section 121. It is an exclusion of the first $250,000 of capital gain for a principal residence. However, since...

California franchise tax board do I have to pay $800 fee If I don't use my EIN and cancel within 11 month

You have no personal liability for the $800 as long as you took no money out of the entity at a time when the tax was owed.

Is this a gift for tax purposes?

No. That is not a gift for gift tax purposes.

My tax was rejected need to find out who file

That is less than the amount which requires you to file an IRS Form 1040.

Do either my dad or me have to pay any taxes if he gifts me a property?

Your father must file an IRS Form 709 (gift tax return). But he will not owe any gift tax since he has an $11,180,000 gift tax exclusion. You...

Are there tax implications of bringing funds obtained in settlement stateside? If so, what are they?

If you are a U.S. citizen or resident, yes, there are probably tax consequences. The taxation of damages is a complex topic for which you need to...

What if I cannot pay the IRS?

No, you cannot just wait until the statute of limitations passes. You should talk to someone who specializes in offers in compromise. Since you...

If the amount your daughter withdraws exceeds $14,000, yes, you should file a gift tax return (IRS Form 709).