Tax Deadlines for Estate Administrations - What You Need to Know

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.

Tax Deadlines for Estate Administrations

9 months from the date of death:

Filing IRS Form 706 or Extension for the Estate (NOTE: If the decedent owned a closely held business, we suggest potentially making a timely 6166 election in order for estate tax payment plans w closely held businesses - Learn more about 6166 elections for relief here)
Delivering a Qualified Disclaimer to the PR/Executor of the estate. Learn more about how to make qualified disclaimers here.

April “15th” (with an option to extend to October 15th):

Filing IRS Form 1040 for the Deceased - Due for all years where the deceased was alive and earned more than the minimum threshold - including the YEAR OF DEATH, even if they died on January 1.
Filing IRS Form 1041 for the Estate of the Deceased - Due where income is generated by the decedent’s assets after his or her date of death. For tax purposes, as of the date of death, those assets are also part of the estate and may trigger the requirement to file an estate income tax return.

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Tax Deadlines for Estate Administrations - What You Need to Know

Trustate Team

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Tax Deadlines for Estate Administrations

9 months from the date of death:

Filing IRS Form 706 or Extension for the Estate (NOTE: If the decedent owned a closely held business, we suggest potentially making a timely 6166 election in order for estate tax payment plans w closely held businesses - Learn more about 6166 elections for relief here)
Delivering a Qualified Disclaimer to the PR/Executor of the estate. Learn more about how to make qualified disclaimers here.

April “15th” (with an option to extend to October 15th):

Filing IRS Form 1040 for the Deceased - Due for all years where the deceased was alive and earned more than the minimum threshold - including the YEAR OF DEATH, even if they died on January 1.
Filing IRS Form 1041 for the Estate of the Deceased - Due where income is generated by the decedent’s assets after his or her date of death. For tax purposes, as of the date of death, those assets are also part of the estate and may trigger the requirement to file an estate income tax return.