I'm a POD on a savings account do i need to pay any taxes??
No, gifts and inheritances are generally excluded from taxation under Section 102 of the Internal Revenue Code. Any individual seeking legal...
Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
No, gifts and inheritances are generally excluded from taxation under Section 102 of the Internal Revenue Code. Any individual seeking legal...
If your father dies intestate you will need to follow the rules of the probate code in your state to distribute the property. It is not legal for...
Apparently, the Will was not probated. You need to contact a probate attorney immediately as there may be statutes in your state that will bar you...
If you are named as a beneficiary, these assets are not part of the probate estate and are not subject to the claims of creditors. Any...
Once you give up control and ownership of the gift it is no longer yours, it is a completed gift, and you cannot take it back. You can file a...
The court will typically require you to put the money back. This could also be a crime. You should contact a criminal defense attorney...
As far as your taxes go for Federal purposes, you will still have to pay them even though your employer did not withhold enough. You can enter...
As a follow uo to my answer above - you cannot file jointly unless you are married on the last day of the tax year. Any individual seeking legal...
If you otherwise meet the requirements of being a dependent, yes he can. Just because he was previoulsy married to you is irrelevant. Any...
Typically no. An inheritance is a specifically excluded item under the Internal Revenue Code (Section 102). Therefore, you do not have to pay...