Does owning an asset held in a Trust make people think "deep pockets" and thus encourage people to file frivolous lawsuits?

In addtion to what other colleagues said, generally, they do not put a car in a trust, unless an antique one. They may refer to it in a will, which...

Is there a problem for the IRS if my family gives me cash and I deposit in bank in small chunks less than $2000?

For their own internal purpose they report in excess of $3,500. If they develop a suspicion, they issue a Suspicious Activity Report, regardless of...

US Resident abroad. Streamlined Foreign Offshore Procedures (SFOP) for FBAR and Tax return amendment.

Provided that you are eligible and your OVDP lawyer agrees on the non-willfulness, you may file FBARs for 2009-2014, because 2015 is due June 30th,...

Can you advise us on what we can do?

You and sister have right to see the will. Ask him to see the will, or consult a lawyer who may write a demand letter. The information presented...

A revocable living trust is disregarded for tax purposes and the grantor may be able to sign agreement in his own name. If you see his own tax...

How can I create a will for property and other assets outside of the U.S.?

I believe you may put the foreign assets in a California trust, but the funding of the plan with respect to the foreign assets must be done...

Do I have a legal right to my sister's 50% of the property that she and her husband owned?

No one answered this question, because it is very specific. If you were told that you won’t get anything that may have been because the title was...

Was there an income reporting error from my employer?

Ask your employer's payroll department for the correct answer. Good luck. Zaher Fallahi, Tax Attorney, CPA.

Dear Sir, eBay suspended my eBay account without suitable cause and hindered my freedom and it is unhonorable action.

There may have been a suspicious activity report on the account without your fault. One payer or a transmitter of fund may have been tainted. Try...

How can I pass the tax liability of a $15k cash gift to the recipient?

You can gift anyone $14 K per person per year without the IRS filing requirement. For amounts in excess of 14K, you need to file a gift tax...