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Q: My wife’s father is close to death and he has moved all of his investments into his bank in the form of cash. He said that was done to help my wife and her brother avoid probate on those instruments. It’s not a lot of money (approximately $250,000), but since I will be doing his taxes for 2022 I’m wondering whether I will have to pay taxes on that cash. Also, will my wife and brother-in-law owe a federal gift tax on amounts over $14,000?

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With April 18—the last day to do taxes for 2021—looming, you might be feeling the pressure to get your return filed accurately and on time. But don’t stress: These last-minute tax tips can help you handle tax day like a pro and potentially help you save some cash and stress along the way.

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You may need to file a federal tax return extension for many reasons, including delays in receiving tax statements, living in another country—or you simply need more time getting organized.

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A good tax preparer can ensure you receive all the credits you qualify for and can help you avoid filing an extension or amendment, or paying penalties and interest.

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If you’re eagerly anticipating a tax refund in the coming weeks, you have good reason to be optimistic: The IRS reports that about 77% of tax returns filed last year generated a refund, and the average refund was $2,815.

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