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I want to do a quit claim deed to add my daughter to the
I want to do a quit claim deed to add my daughter to the deed in Colorado. She will get the house when I die anyway but wonder if there are any tax implications that I should be aware of. … read more
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My sister and I recently sold my parents home after their
My sister and I recently sold my parents home after their death. Trying to figure out how much in capital gains will we have to pay come tax time? … read more
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If my sister in india wiretransfers $25,000 worh in Indian
If my sister in india wiretransfers $25,000 worh in Indian rupees to my bank account, then … read more
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We built a home on our ranch kids 10 years ago, we're
We built a home on our ranch for our kids 10 years ago, we're selling the ranch & want them to rebuild on their property. We want to give them the money to do this from our proceeds of the sale of the… read more
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I would like to open stock market account (using one of the
I would like to open stock market account (using one of the popular online brokers) with the intention of giving it to my 2 daughters when they become grown adults (maybe at age 25 or 30 - they are cu… read more
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Looking ways to optimize gift/estate/other if possible
Looking for the ways to optimize gift/estate/other if possible taxes. Only need leading ideas. I will accomplish them into practical forms later w local attorney. Trustor NRA (my Dad, overseas, NRA). … read more
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I am receiving a large sum of cash from a foreign relative
I am receiving a large sum of cash from a foreign relative ("gifter"). The gifter is in China, so the CNY to USD conversion limit in China is 50K USD per year. To get around this, I am asking the gift… read more
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My wife and I, residents of California, are in the top income
My wife and I, residents of California, are in the top income tax bracket. we are helping our daughter purchase a condo. (We are putting up the down payment, we will hold title jointly, and she will m… read more
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My daughter has 3 accounts at our bank. Our names, her parents,
My daughter has 3 accounts at our bank. Our names, her parents, are also seen on two of these accounts (checking and the one we dubbed as an education savings account) and the third one (another savin… read more
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, my both kids (ages 23 and 19) are in college. My husband
Hi, my both kids (ages 23 and 19) are in college. My husband passed away and I have no income. My brother wants to send money to both kids accounts here via wire transfer from dubai. 1) Is there any l… read more
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When two people share a common checking account and one of those people deposit already t
When two people share a common checking account and one of those people deposit already taxed funds;will, the other person be liable taxation on those same funds?… read more
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I have few more questions about gifting and social security
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My Dad wants to give me $20,000 to give to my 27 year old daughter
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Expert
Expert
In an earlier request regarding mitigation of estate tax, you
In an earlier request regarding mitigation of estate tax, you mentioned that my wife and I, as non-resident aliens, can gift up to $13000 per annum to our son. Can this be given in the form of a propo… read more
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Couple has current residential property valued at about $1.2M and business property valued at about $2M. Rest of assets are minor. If couple desires to add daughter to the deed on the residential prop… read more
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After inheriting money, my spouse and I put $40,000 into an account for our 10 year old, and an equal amount in another account for our 7 year old. We did this in Aug. 2006. We wanted the kids' names … read more
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