I'm all for playing outside my comfort zone to expand my skillet, but I keep away from this.  Last time a family member needed help with this, my brother (a psychologist) was the one who drove the process. There's lots of traps here for the accountant, ...

Since you haven't determined the basis in years, it's likely insignificant. Perhaps you can find the initial amount paid for the stock and use that for cap stock. Use the cash at the end of the year; if there is an asset/depreciation schedule, enter the ...

Hello, I have been asked by a client to review a medicaid spend down plan for his parents.  His father has entered a nursing home where the monthly charges are $5500 per month ( fairly reasonable).  ​The mom has $340000 in a  qualified plan. Their attorney ...