Loans are not income so not taxes result. If the person is purchasing an interest in the company then they are receiving ownership for the money...

I agree with Stephen but will add that your tax issues could be separated from his by filing as married filing separately in stead of jointly....

Perfectly legal. In another life before I became at attorney I worked in collections and did similar stuff. I agree with what others above have...

While you have not told my why it was turned over to the state I am going to assume that is was escheated to the state as unclaimed property. If...

This is really a tax question so I will recategorize it to that practice area. As a CPA attorney combo I get various forms of this question...

I agree with what both attorneys have said but want to add that you need to contact an attorney quickly because you have a limited time to respond...

This happens all the time. The company you are requesting the letter from does not know you or that you are actually the person the belongs to the...

Well back in the day you could have done a nominee 1099 to the correct company but now... There is a lot of question related to the circumstances...

It all depends on what your stepfather purchased. If he setup an annuity that pays out for 5 years after his death with no interest for that...

First, if someone owns 33% of the business you cannot just take their ownership interest. The business is their property to the same extent it is...