I do not have a family trust. Can I designate my daughter and son as beneficiaries of my assets in the event of my death?

I agree with all of the previous answers but will add that a Will does not avoid the probate process. If you have assets other than real property...

Father passed away with no assets (only 401K w/beneficiary) and outstanding IRS debts. What is our liability on his tax debt?

Have you attempted making an appointment at you local field office and bringing everything in there?

You've got a bunch of questions here. First thing that needs to be determined is what you mean by "retitled." Did you get a tax id number for the...

Trustee responsibility for irrevocable trust

It depends on the language of the trust. If they are both co-trustees and there is no language in the trust stating who makes those decisions, then...

Can withholding tax be waived on lump sum IRA death distribution?

I really hope the trustee didn't take the lump sum. You need to get an attorney quick. Unless there was an absolute necessity to have cash for the...

If you are in the US via a visa (such as an H2) are you required to pay annual taxes?

Yes, you are required to pay taxes on your US-source income. As far as being provided a SSN with the H2, I believe you have to apply for a SSN or...

What is the Gift Tax liability if I withdraw money from a joint account of me and my brother (100% his contribution)?

The law concerning joint accounts just changed as of the first of the year in CA. It is important to know when the account was opened. I assume...

Just found out my verbal agreement to give motorcycle to other beneficiary was based on lies she told. Can repayment be forced?

Your question seems to be missing some key details. Did ST receive the motorcycle as part of a residuary gift or a specific one? More specifically...

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Separate Tax Return for Irrevocable Trust?

The previous answers are correct. That being said, if you are the only beneficiary you may want to investigate the possibility of winding up the...

The tax is on debt which has been discharged over three years on credit report?

The bank should have given you a 1099C when they discharged the debt. This 1099C is reportable on your tax return but if this was your primary...