My parents are transferring their paid off house to me. What's the city tax amt that needs to be recorded on the quitclaim deed?

Only under limited circumstances, would I consider recommending to parents that they transfer their home to a child during their lifetime. Too...

As a general rule, the trustee of an irrevocable trust does not file a formal accounting with the court. Instead, the trustee sends the accounting...

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Appeal is underway of a Trust Account. How can I get support from a Special Needs Trust pending appeal?

More information is needed. There are documents, such as the trust, the accounting, and orders of the court, that must be reviewed. Check with...

Can a Non-Profit Promote Amazon Merchandize/Products?

A non-profit can promote the sale of products on Amazon, but the issue arises whether the income is unrelated business income that is subject to...

It appears that a trustee can be request a tax clearance certificate, but I'm not sure there is any great benefit from doing so. Never have asked...

I agree with Attorney Smith. In Kawishima v. Holder, where the US Supreme court decided on 2/21/2012 that tax fraud or evasion could be...

I have a living trust . On the taxes appears on the last name of the family only. Should it be change it to an specific name?

I agree with Attorney Meagher-Leonard. It is very important that your property be legally transferred into your living trust, which is done by...

REVOCABLE TRUSTS

The person who creates the Trust is the Grantor. The Grantor cannot nominate a new Grantor. More facts are need as to what are you trying to...

I am being audited for Head of Household. Now I send money to my Mother-in-law that lives in mexico, but im not married?

Assuming the person would be considered your mother-in-law, you must be sure not to confuse head of household rules with dependency rules. A...

Can property put in an irrevocable special needs trust be taken back out?

Unless the trust provisions give the mom the right to revoke the trust and/or require that the property be transferred back to her upon her...