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URL:  http://boards.fool.com/should-he-get-the-aid-of-a-local-tax-lawyer-or-30708318.aspx

Subject:  Re: Selling A LLC Date:  5/30/2013  12:29 PM
Author:  TMFPMarti Number:  118642 of 121572

Should he get the aid of a local tax lawyer or tax CPA (I presume it should be local) to help him with this sale? Or would a local real estate broker do?

Step one would be your wife hiring someone to explain things to her, including the effect of the gift. She no doubt skipped filing a gift tax return. That advisor also could explain to her (she could pass it along to your son) what "disregarded entity" means with respect to taxes and LLC's.

What a mess!

Phil
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