This case is textbook for needing to consult with local counsel. You need someone who knows your local tax agency's appeal process. Additionally,...

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What communications are needed with IRAs involving an original custodian, successor trustee and final inherited IR custodians?

The Successor Trustee of a revocable living trust may not act as trustee in an IRA trustee-to-trustee transfer. Although the terminology is the...

My father just passed. He has a trust with my mother, was his wife of 50 years? He had a illegitimate child who is 40.

This question requires a careful review of the trust documents. If the child was not adopted, he is entitled to an intestate share of the estate. ...

Estate Planning Questions

You will need to see an attorney with all of your documents in front of you. Unfortunately, without a copy of the deed to the house and the...

My ex is trying to claim our month old daughter born 11/20/12 on his taxes after I said no. Can he do that?

Based on what you have said, no, he can't claim her. The custodial parent (the one the child lives with) claims the child absent an agreement to...

Hi I would like to add a joint applicant to my savings account but he owes child support will his child support or his taxes wil

Depending on the reason for adding this person, there may be a better alternative. For example, you could name this person as a "Pay on Death"...

Does a business have to declare all monies received

The answer is pretty much always going to be yes. In one way or another, it will need to be claimed. When your business is large enough, you are...

I have three friends, sisters, who are inheriting a house from their incapacitated mom. there is a family trust in effect. is

Who is allegedly gifting this house? If the mother is truly incapacitated, she cannot amend the trust or form the donative intent needed to make...

Can a credit card debt collector file a 1099 and take my husbans tax refund?

You have a number of issues going on here. First, your husband will not "claim you" on his taxes. You will be filing married and claiming...

Foreigner purchases a home in CA for investment purpose under an LLC registered in Delaware. .

In addition to complicating the matter, be wary of the tax consequences of this type of transaction. The LLC is a resident of DE with CA source...

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