Death & Tax Obligations
Death and tax obligations
Generally, after an individual has passed away, someone will become responsible to ensure that the final income tax return and any other unfilled tax returns are filed with the IRS and the Department of Revenue and that all matters related to taxes are addressed. This person may be an executor, an administrator or one of the decedent’s family members.
After a loved one has passed away, you may find yourself dealing with their final matters related to tax returns, taxes due or refunds. If you do not properly address these matters, you may be held legally and financially responsible to the IRS, the Department of Revenue and too beneficiaries. If you need guidance regarding these matters you should consult with a professional.