Only living heir has not filed estate.

Someone needs to file a petition for probate. Preferrably an heir. If you know any other heirs, encourage them to file the petition. You can...

I am in a high tax bracket and need device on how to best reduce my tax payout - Who should we turn to (accountant, tax lawyer)?

Don't feel as though you are doing anything underhanded. Tax planning is perfectly legal. You have the right to arrange your affairs to pay the...

The other attorneys have given you sound advice. Also note that a single owner LLC as you describe is a disregarded entity for Federal Tax...

In California, if you are a foreign corporation that is actively engaged in a transaction for financial gain or profit you are doing business in...

We have a mother in assisted living. Is she able to "gift" a certain amount of money per year to her children?

If it does not affect her contract or any possible government assistance she may be receiving, she can give $13,000 each year to each of her...

If a home (in CA) is paid for prior to marriage, and is rented out - is the net income from the monthly rent communal property?

I agree with my fellow attorneys. However, you should use a property management company to manage the property. Your labor during marriage is...

Advice on Tax Returns for no income retired parents

If they did not file a tax return in 2008, they can claim the Recovery Rebate Credit in 2009 by filing a 2009 income tax return. Any individual...

For the past 30 yrs. I have been in a common-law marriage, living in the state of CA. We own property together and have always

You have filed your tax returns incorrectly. California does not recognize common law marriages. You will need to go back and amend some of these...

Individual ran cash businesses,no business income ever declared and had accountant issue false W-2s. How do you report?

The other attorneys have given you great advise. There are tax attorneys that specialize in assisting those that want to blow the whistle on...

Will I get in trouble with the IRS for taking mortgage interest off a house in a living trust?

There are a lot of issues in this question, and a number of facts are lacking. When the property was transferred to your mother gift tax issues...