Taxation Solutions, Inc.

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How to Proceed in the Event of a Taxpayer Death

Have you recently suffered the death of a taxpayer in your family? One of the things you'll have to take care of is filing IRS paperwork for that person. During this difficult time, you can count on Taxation Solutions, Inc. to guide you through the steps with compassion and care. You'll have to file the decedent's primary federal tax return, Form 1040, as well as any equivalent state returns. You may also need to file Form 1041 and its state equivalent for income related to any assets in the deceased's estate, and Form 706, which is required if the value of the estate exceeds the estate tax exemption. Income is taxed up to the point of death, and most medical expenses can be claimed on the decedent's final tax return. 

Filing a tax return can be difficult even under the best of circumstances. If you're grieving the loss of a loved one, you may find the task even more overwhelming. Taxation Solutions, Inc. is equipped with the knowledge, skill, and experience to resolve all of your tax problems promptly and properly. Our team of CPAs, enrolled agents, and other pros is ready to advise you on handling everything from the deceased's business expenses to his or her Social Security benefits. We'll take some of the weight from your shoulders. Call us today to learn more.