Tax Attorney Needed to assess complex trust tax issues

Posted 4 days ago

Only freelancers located in the U.S. may apply.U.S. located freelancers only

Summary

We are beneficiaries embroiled in a lawsuit with crooked trustees who have made an insane mess out of 3 trusts. The trusts include a CRT. The trustee has already been found negligent by the IRS. We need to examine what happens in a settlement in various scenarios - comparing how tax is imposed if the settlement money flows back through the trust(s) versus if it flows to us directly. Separately, the Trustee misrepesented the liquid asset value of the CRTs on the 706, which the IRS used to calculated deductions for the CRT from one of the primary trusts. Later the trustee had to claw back millions from the CRT to the main trust and distribute it to beneficiaries. We need to understand what liability if any is on her, and/ or flows to us if the IRS finds that fraudulent or negligent or both. And also, what happens if the court replaces her with a professional. Does the 706 get amended? What happens to that tax deduction? Does the trust owe more tax and penalties? We are looking for someone in California who knows California and Federal tax / trust law including foundation rules for CRTs.

  • Less than 30 hrs/week
    Hourly
  • < 1 month
    Duration
  • Expert
    Experience Level
  • $25.00

    -

    $300.00

    Hourly
  • Remote Job
  • One-time project
    Project Type
Skills and Expertise
Mandatory skills
Tax Law
State Bar of California
Activity on this job
  • Proposals:Less than 5
  • Last viewed by client:4 days ago
  • Interviewing:
    1
  • Invites sent:
    3
  • Unanswered invites:
    2
About the client
Member since Sep 17, 2015
  • United States
    Los Angeles4:01 PM
  • $75K total spent
    186 hires, 31 active
  • 3,039 hours
  • Tech & IT
    Individual client

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