Assuming you propose gifting the property to your Father, the donee receives the property at the donor's basis which would be $100K, less...

In an online meeting of California Federal Bankruptcy Judges I attended, held in January 2021, Judge Stephen Johnson suggested that the valuation...

From your question, I understand that your Father is living. The step-up in basis for purposes of federal capital gains tax, does not go into...

Generally, for Federal capital gains... Net Sales: Selling Price - Selling Costs Basis: Fair Market Value (FMV) Date of Death (DOD) Valuation...

Received FTB notice to file 2016 form 568. Formed LLC in 2014, paid $800 up to 2017, no business at all. What is my recourse?

I suggest either you, your attorney, or your accountant, call the phone number on the notice and have an agent clarify your filing responsibilities...

Post mortem basis of a decedent’s property is generally the date of death fair market value (DOD FMV) usually determined by an appraiser. Whether...