How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Lev Your Own Question
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 28081
Experience:  Taxes, Immigration, Labor Relations
Type Your Tax Question Here...
Lev is online now
A new question is answered every 9 seconds

I am the executor for my mothers estate, which was worth $300,000-400,000

This answer was rated:

I am the executor for my mother's estate, which was worth $300,000-400,000 when she died in 2008. The lawyer I hired for advice in dealing with the estate said we would owe no tax but must file federal estate tax forms. He offered to file these tax forms (and wanted to charge for this service) but I said I would take care of them myself. However, looking at
it seems to indicate that estates worth $2M or less do not have to file. Is there any point to filling out these forms anyway, given that by no stretch of the imagination does my mother's estate come near $2M?

As an executor of your mother's estate - you need to be familiar with the IRS publication 559 -


You are correct - you do not need to file federal estate tax return if the total value of the estate is below $2,000,000 (for 2008).

However - you will need to file final income tax return for deceased - regular form 1040,

and you most likely need to file income tax return for the estate - form 1041 - there is no need to have a separate tax ID for the estate - you may use your mother's SSN for reporting.


While I agree with you hiring a lawyer might be a little expensive - I still suggest to have a professional tax preparer to do the paperwork.

Also you might need to consider filing requirements in your state.


Let me know if you need any help.


Lev and other Tax Specialists are ready to help you