Taxes
Death and Income Taxes - Who files? How? When? 
Trustate Team
This is often a huge question mark for so many executors. As the old adage goes, the only thing certain in life are death and taxes, so yes, the deceased’s existing tax reporting & payment obligation shifts to become an obligation of the estate. This means that the legally authorized representative of the estate, i.e., the Executor, Administrator or Personal Representative, is responsible for timely filing the decedent’s income tax returns (as well as for any back-returns that the deceased failed to file during his/her lifetime), and making payments from the estate for any taxes owed.
Taxes
Tax Deadlines for Estate Administrations - What You Need to Know
Trustate Team
When working through an administration, knowing important deadlines should be a top priority. This quick read outlines the important tax deadlines you need to know when administering an estate.
Taxes
IRS Increases Gift and Estate Tax Thresholds for 2023
Trustate Team
The Internal Revenue Service (IRS) recently announced key gift and estate tax thresholds for the 2023 tax year in order to adjust for inflation.
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