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I am the executrix for my brothers estate. How do I know

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I am the executrix for...
I am the executrix for my brother's estate. How do I know if the estate owes any income tax. Also does a return have to be filed even if the estate doen't owe any income tax?
Submitted: 7 years ago.Category: Tax
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1/3/2011
Tax Professional: Richard, Tax Attorney replied 7 years ago
Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 56,021
Experience: 29 years of experience as a tax, real estate, and business attorney.
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Good morning. As the executrix, you will file a last income tax return on behalf of your brother...you will base this on the best information you can gather...checkbooks, past returns, W-2's, 1099's, credit card bills, and his files. Then, if the estate while being probated has any income which rises to the level of taxability, you will cause the estate to file an income tax return. If no tax is going to be due, you will need not prepare the return. Also, you will need to determine, based on the size of the estate, whether any estate tax returns need to be filed.

 

 

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The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.

Richard
Richard, Tax Attorney
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