Because we didn’t know to file the form 709 three years ago, can you tell us how we go about doing that? Do we fill one out retroactively, and continue to fill one out each year. Or, is it a one time deal?
I looked at the form and it’s too complicated for us because we don’t understand the concept. Are we in trouble with the IRS? Does Turbo Tax offer assistance? If not, can you point us in the right direction. I think we’re over our heads, and the lawyer who helped with the Life Estate Deed has since retired.
Thanks in advance for your much needed advice.
