Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
We recently lost my mother in law who had 4 annuities set up
We recently lost my mother in law who had 4 annuities set up with trust, upon her death the benefits from the annuities will be sent to the trust, will we be taxed on this if the benefits are then dis… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,939 satisfied customers
Mom passed with $70,000 in three accounts. Two are normal
Mom passed with $70,000 in three accounts. Two are normal investment accounts in which she received 1099s and filed income taxes. On these two, her son is a JTROS. 1) Will he have to pay taxes on any … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,538 satisfied customers
New Client - this client's mom passed away and her doing the
New Client - this client's mom passed away and her doing the mom's taxes. The mom passed away on 11/22/15 and the mom has a series EE savings bonds that she never paid the interest on since she had th… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
My elderly mother recently received an out-of-court payment
My elderly mother recently received an out-of-court payment from 3 large financial corporations whose agent had twisted her annuity accounts and coaxed various other transactions that benefited the ag… read more
taxmanrog
taxmanrog
Master's Degree
1,839 satisfied customers
if you owe inheritance tax and you wont have the money to
if you owe inheritance tax and you won't have the money to pay until the house is sold, is a tax lien a problem? does it have penalties or interest accruing while it waits to be paid? what do you need… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
I am a financial advisor with a deceased client who had a non-qualified
I am a financial advisor with a deceased client who had a non-qualified annuity of which the beneficiary is her living trust. Her living trust states that all assets will be distributed equally betwee… read more
PDtax
PDtax
Owner
Master's Degree
4,915 satisfied customers
I put my mothers money in an annuity, and she passed away in
I put my mothers money in an annuity, and she passed away in Nov. of 2010, so I took $58,000 out of her annuity, and it was wire transfered to my checking account. I wrote 2 checks to my brother and s… read more
Bill
Bill
Master's Degree
3,158 satisfied customers
Did you get my last question re: annuties and cost basis? I
Did you get my last question re: annuties and cost basis? I seem to not get how this works sometimes- you answer and then they immediately ask for feedback and my ongoing question gets eaten??… read more
FredStevens
FredStevens
Certified Public Accountant
Bachelor's Degree
27 satisfied customers
My mom was in a nursing home for 2-3 years prior to her death.
My mom was in a nursing home for 2-3 years prior to her death. Her annuities and social security paid for it until about September 2010. She passed away June 2011. My brother has been making small mon… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,555 satisfied customers
My Mother-in-law passed away April of 2011. She had assets
My Mother-in-law passed away April of 2011. She had assets withdrawn from her investment accounts in 2009 and 2010 and used for her care as she was in Assisted Living and had enrolled in Medicaide. I … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,555 satisfied customers
mom gave a life estate to one son and a tenants in common 1/2
mom gave a life estate to one son and a tenants in common 1/2 to each of the other 2 sons. One tic brother predeceased, his share goes to his children. Life tenant just died. what date is used to esta… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
Mom and her (only sibling) own a residence in ------, AZ. Her
Mom and her (only sibling) own a residence in ------, AZ. Her sibling has never lived in ------,az., and is a resident of Ca. In the passing of my Grandfather he left a Last Will and Testament and att… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,273 satisfied customers
Mom is 90 and lives w me and wife. Buffet bot BNI @$100 per
Mom is 90 and lives w me and wife. Buffet bot BNI @$100 per share. Mom had to sell 1200 shares of BNI. Capital gains of $80,000 in 2010. Broker says there is no way to defray c g taxes. Income averagi… read more
Merlo
Merlo
Accountant
9,783 satisfied customers
My mother, an Iowa resident, died 11/20/06. There was $90,000
My mother, an Iowa resident, died 11/20/06. There was $90,000 left in her brokerage acct. She had no other assets. The brokerage house didn't close out her acct. until 1/3/07. The $90k was deposited i… read more
Bill
Bill
Master's Degree
3,158 satisfied customers
My mother- 84 years old widow, lives in an adult community.
My mother- 84 years old widow, lives in an adult community. She has an annuity of $22,000 that she lives on besides her SSI which is $1426. She takes $1500 monthly from her annuity to pay the rest of … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
Can I claim my mother in law and brother in law as dependants
Can I claim my mother in law and brother in law as dependants even though she is filling a tax return. She has minimal income to report, if at all about 7 to 10k she said she was going to claim income… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
My mom and dad passed away a few weeks ago. The will states ...
My mom and dad passed away a few weeks ago. The will states that me and my sister split the money half and half. My sister is fine with this.. however the anuities that my mom and dad had over 200,000… read more
Bill
Bill
Master's Degree
3,158 satisfied customers
I live in Kennett Square, Pa. and was married this year to ...
I live in Kennett Square, Pa. and was married this year to a girl I have been living with for many many years. Because I would gamble or not be very good with money the House, IRA, and everything of v… read more
Matt Kesler
Matt Kesler
Business Owner/Law Student
Doctoral Degree
1,646 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