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I have read that it is advisable for spouses to be general durable POA agents for each other. This would be particularly helpful if one needs to sell real estate when the other is incapacitated. It makes sense to me especially if it would avoid a guardianship process. Do you agree? I also read...

Not sure if this question fits here. We are replacing the gate on our HOA pool. It appears Pa has its own pool regulations independent of IBC and ADA. From what I can tell, the only requirement is a 48” high fence and with self closing and self latching gate. No additional requirements on height...

I am going to transition from maintaining multiple (6-8) bank CD’s to brokered CD’s with Vanguard. Not sure if VG 1099-Int will be a lump sum or list each brokered CD. Will the IRS require me to list each brokered CD individually, just like I do now with CD’s from multiple banks? Thanks.

Are distributions from an inherited IRA considered retirement income in the state of Delaware? In other words, does the state of Delaware make a distinction between distributions from your own personal traditional IRA and distributions from an IRA you inherited? I am pretty sure the Feds do...

Looks like I am the only one asking questions on this sub-forum. Here is my latest question. I asked my nephew to see his 2021 1040 to better understand how to help with his modest inheritance. His return was prepared by a reputable CPA. I was surprised to see he filed as HOH. He is single...

My sister recently passed and bequeathed her IRA equally to her two sons. One nephew asked me for advice on how he should handle his inheritance. I believe his options are straightforward but I do have one question. If nephew decides to put money in an inherited IRA, he has 10 years to take it...

I reported interest from a CD in 2021. That was accrued interest which was not distributed to me. In 2022 I cashed the CD before maturity and forfeited the 2021 accrued interest. I asked my bank for a corrected 2021 1099-int but they said they will only give me a 2022 1099- int. Not sure if this...

Does anyone know when the IRS plans to have all 2020 returns processed? I can find articles talking about millions of unprocessed 2020 returns, but none give a scheduled completion date. Thanks.

My former employer terminated group term insurance for retires 12/31/2021. So, this is my last year of messing around with the IRS’s constantly changing forms to report uncollected FICA taxes. Anyhow, I was looking at my wage transcripts for prior years and noticed the IRS does not document...

Hi, we sold our previous residence on December 13, 2018. How long should I keep our disclosure statement? Thanks.