Federal Tax Lien - what happens at close of sale of house?
The IRS has a tax lien desk that you will have to work with. They will usually release their lien so long as they can verify that you are not...
Newport Beach, CA
Tax Lawyer at Newport Beach, CA
Practice Areas: Tax, Estate Planning
The IRS has a tax lien desk that you will have to work with. They will usually release their lien so long as they can verify that you are not...
There should be no estate taxes on an estate of this size, but there may be other bills. This is a normal procedure for an estate administration. ...
I agree with attorney Davidoff. Bankruptcy is the the last resort. You need to explore other options that may work very well for you first. See...
It is possible it is taxable. More information is necessary. You should discuss this with a local tax professional.
You have received a Statutory Notice of Deficiency and you have 90 days to file a petition to the U.S. Tax Court or lose your right to the court. ...
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Yes, this is a taxable event. However, the good news is that you should be excluded from paying income taxes on the cancelled debt for personal...
You put yourself in a tough position by becoming an executor of an insolvent estate. You would have been better off declining the role. You could...
I agree with attorney Harrington, but if this did not affect your decision and you are not going to appeal, it may not be worth the effort. This...
No, you cannot deduct the taxes unless you actually pay them. Since you did not make the mortgage payment or the escrow payment for the impound...
Each state has their own laws with regard to residency for state tax purposes. See a local CPA familiar with these matters to determine how you...