asked
As a trustee of my deceased mother's living trust, I am about to sell the final trust asset, a home, for $212k. The trust, formed in MN and holding the home in MN, requires the income from the sale to be split between two beneficiaries. Is there anything I can do to reduce the trust's tax liability, such as through charitable donations, and can a charitable donation be allowed as a tax deduction?
January 12th, 2023
I am in the process of purchasing a property in Cincinnati, Ohio, and would like to know how property taxes are calculated in Cincinnati and my projected taxes based on the calculation.
June 9th, 2024
I am a 61-year-old disabled individual with a trust worth over $92,000 managed by Vanguard. My trustee, Theresa Rawdin, is causing financial and medical damages. I have had bones removed from both shoulders, making writing difficult. I have not worked in 25 years and rely on SSI and half of my father's pension. I have consulted with several attorneys, including a probate attorney, who referred me to legal aid. Legal aid classified my case as a personal injury case, but other attorneys say it's a civil law case. My main issue is that I do not have access to my trust funds due to issues with my trustee. What legal steps can I take to resolve this situation?
June 30th, 2024
I want to start paying my tax debt of $1,839.95. I am 62 years old, located in New York, and have no dependents. I am trying to pay last year's owed amount. How can I set up a payment plan for this debt?
October 13th, 2024
We just got a bill from the IRS saying we owe $4229.62. Is this real? We are located in MN, both aged 77 and 75, receive social security, and my husband gets 100% disability.
March 21st, 2024
As a non-resident owner of a single-member LLC in the US, can I contribute to a SEP IRA and will it be tax-deductible for tax year 2023?
November 8th, 2024