If the insurance policies that you believe your father had were "in force" and premiums were being paid by your father, there might be evidence of...

My parents would like to to Quit Claim Deed their home to me. Will I have to pay income tax on this transaction?

A number of questions are raised by this question: (1) to the extent that you made payments (the down payment and closing costs and then $10,000 in...

Yes, the best approach is to file and serve a "Request for Special Notice of Proceedings in Probate" pursuant to RCW 11.28.240" which requires the...

Question on a gift tax if I give my wife the home in a divorce.

Generally, in a divorce, one spouse is treated as conveying title to property in exchange for the marital interests in the marriage with the other...

Will the 3.8% Healthcare Tax that goes into affect in 2013 affect estate sale of home ?

Potentially, yes, it will affect the sale of your home, commencing after December 31, 2012. This result will depend upon several factors, including...

Does the work I do qualify as a job so that I have to pay taxes?

Under §61 of the Internal Revenue Code of 1986, any income "from whatever source derived" is reportable as income and required to be used to...

Is there a way to get around paying capital gains taxes

If there is a sale or exchange of a "capital asset" by a taxpayer in a given tax year, the gain is generally reportable as taxable, either...

Should we "gift" or "sell" out truck to son

Each donor can use $13,000 per year per donee and make a completed gift without paying any gift tax, or even filling a federal gift tax return....