Are proceeds of sale of inherited property taxable to beneficiary?
Form 1041 is filed for the estate if any income is made after the date of death. This would include the sale of the property and any other income...
Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
Form 1041 is filed for the estate if any income is made after the date of death. This would include the sale of the property and any other income...
The NOL that you have should have occurred on your personal return when the S-Corp passed the loss through to you. An S-Corporation does not have...
I am not sure exactly what your question is here. You can file an OIC, but may want to wait until after the divorce so that the IRS will not...
If you were gifted the house before your mom died you will have a carry over basis in the house (same as the basis you mom had before the transfer)...
Unless this was for a physical injuries or discrimination your settlement is taxable and included in your income in the year you received the...
See a criminal defense attorney. Felony convictions are not sealed - there may be other alternatives that are available depending on the facts of...
This should not be a problem so long as there are no restrictions on the account. You do not indicate the amount of money or whether it is a gift....
Capital Gains that you incurred this year will not be discharged. The IRS will pursue collection of these taxes.
If your business has elected to be taxed as a partnership, then you will use the partnership tax rules to determine if this can be done. A form...
It is possible that you could have a problem in the future. Without further information it is impossible to tell for sure. You would be better...