Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
Say I make a gift of $60k to my son and £60k to my grandson.
Say I make a gift of $60k to my son and £60k to my grandson. From the IRS' perspective, are there any limitations, restrictions and/or reporting differences due to the fact that one recipient is my so… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
A married couple wants to pay off their son's Mortgage in
A married couple wants to pay off their son's Mortgage in the amount of $152,000.00 What would be the gift tax the married couple would pay after the $28000.00 exclusion? Am I correct in assuming that… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,805 satisfied customers
what is the difference between a lifetime gift and an inherited
what is the difference between a lifetime gift and an inherited gift? Is one taxed at a higher rate then the other ?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,805 satisfied customers
sou um estrangeiro nao cidadao que possuo imoveis no estados
sou um estrangeiro nao cidadao que possuo imoveis no estados unidos. Se eu vier a falecer, meus herdeiros, seja minha esposa ou meus filhos deverao pagar imposto sobre o valor do imovel ?????… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,004 satisfied customers
Customer ...Again this is in reference to the ruling of
Customer ...Again this is in reference to the ruling of the 1985 U.S. Tax Court case of Estate of Hutchinson v. Commissioner. I asked yesterday if in consequence of this ruling, were all the estates t… read more
socrateaser
socrateaser
1,508 satisfied customers
Surely there is a tax professional out there who can address
Surely there is a tax professional out there who can address this issue. It is not so terribly complicated. Does anyone want to try this question. Apparently this did not go thru with the correct pric… read more
socrateaser
socrateaser
1,508 satisfied customers
This question is submitted in good faith so if you answer well
This question is submitted in good faith so if you answer well there will be a thankful bonus. Before 1976 a successful man could give away up to $30,000 without paying a tax because he had a lifetime… read more
Anne
Anne
Master Tax Preparer
2,551 satisfied customers
Before the Tax Reform Act of 1976 was passed, the exemptions
Before the Tax Reform Act of 1976 was passed, the exemptions were $60,000 death-time and the $30,000 lifetime. That Act combined the estate and gift taxes into a single unified tax that could be reduc… read more
wm030303
wm030303
Partner
Bachelor's Degree
110 satisfied customers
I think this question would be simple for someone with years
I think this question would be simple for someone with years of experience in estate taxes. Late last night, I asked the question below addressing it to tax professionals. Someone on your staff finall… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
If am man owned a vacation home with a fair market value of
If am man owned a vacation home with a fair market value of $300,000 and he deeded it as a gift to his 3 sons together, would it be valued by the IRS for gift tax computations at $300,000 or would it … read more
MequonCPA
MequonCPA
Certified Public Accountant (CPA)
2,342 satisfied customers
A man gives a gift in 1960, then worth $70,000, and he dies
A man gives a gift in 1960, then worth $70,000, and he dies in 2001, when the property has gone up in value to $1 million. He also leaves $3 million at death. This 2001 death is after the gift and est… read more
Jon Andrews
Jon Andrews
CPA
3,038 satisfied customers
In one of the example of old deeds I have studied, the man
In one of the example of old deeds I have studied, the man and wife both deed to the wife a life estate in the property, but if she divorces him, the title goes back to him, a reverter clause, I guess… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,262 satisfied customers
I will try to make this question scenario easy and direct.
I will try to make this question scenario easy and direct. If a man died in 1975, before the 1976 federal unified estate tax code, and he willed the family farm to his wife as a life estate with the r… read more
Anne
Anne
Master Tax Preparer
2,551 satisfied customers
Im in Texas and my question is regarding Real Estate taxes
I'm in Texas and my question is regarding Real Estate taxes and Estate "Gift" taxes. My husband's mother passed away in 2007. She left her separate real estate in equal 1/3 shares to her husband, son … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My father, transfered title of the family home in Syracuse
My father, transfered title of the family home in Syracuse NY to me 4 years ago. He died in November of this year. The home was bought in the 60's for $30,000 and is now worth approx $150,000 (I had i… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am trying to understand how the U. S. federal gift tax and
I am trying to understand how the U. S. federal gift tax and estate tax code operated before it was all unified in 1975 or 1976. I need someone knowledgeable of the pre-1970 code as well as the curren… read more
MequonCPA
MequonCPA
Certified Public Accountant (CPA)
2,342 satisfied customers
Hi and thanks in advance! The more I research and read the
Hi and thanks in advance! The more I research and read the more confused I get... We are looking to buy a house together with my Dad, and he is ready to give us $130,000 towards this. I'm concerned if… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My father is thinking of either gifting or selling me his ...
My father is thinking of either gifting or selling me his house. He will be buying another one. He will have over 4 million when he dies. He is wanting to sell it to me and I will keep the low tax bas… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,937 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

17,888 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x