Regarding Concerns of Real Estate and The Will..

I am unclear about the facts, however, just speculating. If your mother has added you in the title of the house as “joint tenant with the right of...

Foreign Account Tax Compliance Act (Certification, Consent and Waiver Form)

If you are a US citizen, what keeps you from obtaining a social security number? If you mean mom, she may fiel a form W-7 to obtain a PTIN. Good...

Can I claim one of kids on the tax return?

Talk to former spouse, get her consent and make sure she or no one else is going to claim the child you are claiming. If you are not remarried,...

Looking for a tax attorney

For the year 2014, he can set aside up to 25% of his net business income not to exceed $52,000 in a SEP-IRA. He has until October 15th, 2015, if...

Is a new husband of a beneficiary now entitled to a percentage of an estate opened BEFORE marriage happened?

In California property acquired during marriage is community property. However, property acquired by either spouse through gift or inheritance is...

I have a 50/50 S-Corp financial adviser firm. I want to remove myself from the S-Corp and start my own firm. Best method?

You may need to sell or somehow transfer your stock to the corporation/existing stockholder if there is a “right of first refusal clause” in the...

Estate Planning involving kids from prior relationship; Die without a will.

You sound very smart and have raised several important legal issues. I would strongly suggest you retain a local estate planning lawyer, explore...

Based on yor fact pattern as holder of an H1b visa, I belive you are subject to the FBAR filing requirement, and counsellor Bruce Givner has given...

In living trust house left to nephew and parents child can child buy house from nephew and get full parent child exclusion

I understand that the property was left to a nephew by a child’s parent. The exclusion you are referring to applies when the transfer takes place...

How do I minimize the federal capital gains tax that's assessed on the proceeds from the sale of my rental property?

Your capital gains from the sale of property will depend on the “basis” you had and the “sale price” minus the “escrow and other cost”. Because the...