asked
How much money can a wife, who inherited approximately 3 million dollars from her deceased husband, distribute to her three adult children without incurring significant gift taxes, given that she wants to keep 1 million for herself and distribute the rest as soon as possible?
July 21st, 2023
My ex has filed his taxes and he owes child support. I'm supposed to get a portion of that. How can I find out when or if I'm getting the money entitled to me?
September 18th, 2024
I am possibly receiving an inheritance from a relative who was a doctor in Africa and was recently killed. The amount is several million. I need to know if I need to pay taxes on this, who to report it to, and if there's a way to avoid paying taxes. Additionally, I've been advised to get an offshore bank account for the money. Is this advisable?
August 11th, 2023
My 2 sisters and I want to sell a property in a trust in NYC and purchase 3 separate houses elsewhere through a 1031 exchange. Our questions are: 1) Can we purchase the 3 properties in each sister's name if the property is in a trust? 2) When does the 45-day replacement property identification rule start? 3) Can we choose an alternate property after the 45-day period but before the 180-day closing? 4) Does filing for a tax extension provide extra time to identify replacement properties? 5) Are we entitled to interest on funds held by a qualified intermediary? 6) Can the replacement properties be other types of investments besides real estate? 7) Can the sale closing be done electronically if one sister lives out of town?
September 7th, 2023
Will the IRS do my taxes for me if I have lost all my information to file?
October 7th, 2023
Generally, what percentage is paid on Miscellaneous income reported on a 1099?
April 11th, 2023