My husband's grandmother passed away a few months ago. We were informed that there is a large sum, but he must sign his share and his sister's share over to his aunt and his other sister. They said because the lawyer said there is a tax on the inheritance.
October 13th, 2024
Are MLM agent enrollment fees subject to sales tax in the state of Florida? In exchange for the enrollment fee, an individual receives free product, a website, and some training. Note that the products being sold by the agents are tax exempt.
December 22nd, 2023
I have a married son and his wife who lived with me for the full 12 months last year. They were not married for the full 12 months, getting married in July. Can I claim them as dependents?
June 30th, 2023
What is the percentage of taxes taken from your paycheck?
November 29th, 2024
What are the tax implications for beneficiaries receiving life insurance proceeds, specifically regarding income tax and inheritance tax?
February 5th, 2023
If 150 acres of farmland were inherited 30 years ago, then in 1997 a Quit Claim Deed was filed to give one of the parties interest up to his siblings but then in 2000 signs on as an owner with those two siblings, does that mean that siblings interest is no longer considered inheritance but now full partnership ownership?
March 9th, 2023