What are the tax implications of leasing back a home to the original owner before moving in, and how does this affect the primary residence status of the home when we move in, live in it for 20 years, and then sell it?

April 9th, 2023

Do you have to pay capital gains tax on a property sold under the homestead exemption?

November 3rd, 2024

When Uncle Sam passes, the original trust terminates, and the property will pass to us, the beneficiaries, as tenants in common. What are the tax ramifications, if any, that will occur when the deeds of the property pass to us out of the current original trust upon Uncle Sam’s death? Additionally, would there be any tax cost of putting the properties back into an LLC (other than the cost of setting up a new LLC)?

January 7th, 2023

How can a memorial scholarship fund, originally set up by a pastor in memory of someone at a church, be administered and modified? Specifically, can someone other than the pastor, who is no longer present, change the guidelines without consulting anyone, and what are the tax implications if the scholarship is given to someone who is not a current student?

October 25th, 2024

I am one of five children who inherited equal shares of a house worth $350,000 from my recently deceased father in California. If we sell the house, what will we owe in State and Federal inheritance taxes?

November 6th, 2024