I’d like to quit claim half of my rental property into my son’s name or his business name. How do I do that? The property was purchased on a 1031 exchange and is currently in my business name.

February 11th, 2024

A dual US-French citizen client and his wife, who are living in the US, are taking care of their 45-year-old handicapped daughter who is on a Green Card. They want to pass assets to their daughter to provide for her care upon their death. The assets are in the US, and it's likely their daughter would move back to France after their death. They are considering setting up a Trust managed by a third-party trustee in the US, which would include liquid assets and the family home. Upon their death, the trustee would distribute income to the daughter for her care, and upon her passing, the remaining assets would go to her sister. They need guidance on gift, estate, and income taxes and legal ramifications in France, specifically whether the trust setup in the US would qualify under French law and how it would be taxed.

March 12th, 2023

Turbo Tax says that my online tax return was accepted by the government on April 26. When I check my information online or by phone, the IRS says they have no information about my return. I am frustrated and cannot get through to a live person at either Turbo Tax or the IRS. What should I do?

March 6th, 2023

I filed my 2020 income tax return well before the May deadline but still haven't received my refund. My name is ***** Higgins, I live at 227 North Main St., Concord, NH 03301. I am 83 years old, single, and have no dependents. My total income for 2020 was $23,798, and my expected refund is $3,305. What should I do to check the status of my refund and why might it be delayed?

October 14th, 2024

I was gifted some real estate in 2004. Capital gains is a concern. Is there an income level below which I would not have to pay long term capital gains? And if so, would that have to be just in the year I sell?

June 26th, 2023