Tag Archives: legal counsel

Quitclaimed Property

Today TaxMama® hears from Lisa in the TaxQuips Forum with this question. “I have a client that simply executed a quitclaim deed of a second home to her niece. She now wants to sell the home and is concerned about the tax consequences to both herself and her niece. How do I advise them both?”  

Turning in Tax Criminals

Today TaxMama hears from Victor in Florida who wants to know. “Is there some type of reward for turning in or catching tax criminals?” Dear Victor, Yup. There is. In fact, you can even find an old IRS press release on TaxMama.com from May of 2000 that talks about the program. http://www.taxmama.com/IRSnews/reward.htm Use Form 211 […]