I was named a residual beneficiary of my grandfather's estate. Do I have to report this payment on my 1040 income tax form?
Should be taxed to estate.
Long Beach, CA
Tax Lawyer at Long Beach, CA
Practice Areas: Tax, Patent Application ... +9 more
Should be taxed to estate.
"not of function of the employee's job" doesn't mean that the employee might not be called upon to drive if the need arose.
Sounds nefarious. Investigate, but if the bank "bank created bogus savings bonds and intrest " this is something that law enforcement may want to...
"Can the parent of the kids get into any trouble since she knowingly went along with it and took half the money or does she get off scott free?...
You said "My family takes care of my niece " and later that you sent money. But are you or your family providing the support? You have to meet...
What if a taxpayers returns were all accurately prepared on January 1. The taxpayer filed one return on Feb 1 and one on March 1. They agree. ...
Reduction of bases yields more tax when an asset is eventually sold. Personal use assets economically are considered as being consumed. I would...
"So I filed our taxes as normal". Did he sign the return? If he signed the return, where is the fraud?
If you are not married, his check comes to him and he needs to endorse it or he needs to have you deposit it where he directs.
If she owns the house why not give it to you and then sell it rather than let the equity go to the state? Sale at state auction may not go...