Is short term capital gains/loss the difference between the price of the shares when inherited and the price of the shares sold?

In general you are correct. Specifically, he needs to be specific and learn the price on the day of death. If the day of death was a weekend or...

Unless the automobile owner reported the car as stolen there is a strong argument that the driver is a permissive driver. There may be more than...

I need to file my taxes for 2011-2012 and 2013. HOW?

All you need to do is download the forms from the IRS webs tie and the CA Franchise Tax Board website, collect your W2s and 1099s and fill out the...

Revocable living trust. trust now in hands of trustee. Left 1/4 of mortgage payment. 1 is left a home with conditions.

This situation emphasizes the difficulty of trying to control beneficiaries after the death of the trustor. Not only does the trust require...

I found out my mother never told the tax accessory she sold our property and now it's going to made known public! Tax lawyer?

As my colleagues have advised, more information about the sale/purchase is required. You mention a "joint-venture" which appears to indicate a sale...

How do we protect our house so our sons wife can"t take it if we both die?

Is it fair to assume that you are a couple with a revocable living trust of which you made your son the beneficiary? If so, he will inherit the...

Regarding Probate, is there a statue of limitations on Medicare bringing a claim?

Medicare is the medical and hospitalization program for persons over 65. MediCal is the needs based program for poor people. They are completely...

Guns are strictly regulated under California and Federal law. YOu might try going to the police.

We live in the state of CA in Los Angeles country and my husband works on his cars and car parts. This requries him to use

If your husband is in business he may be in violation of the L. A. zoning laws. YOur neighbor could lodge a complaint with the city for running an...

IRA and Divorce

Since IRAs and pensions plans are covered by federal tax and pension law, there is a special order that needs to be drafted and submitted to the...