What You Need To Do When A Decedent Has Outstanding Tax Returns Or Outstanding Tax Liabilities?
A taxpayer who dies with unfiled income tax returns and/or outstanding tax liabilities to the IRS or any State tax agency complicates the administration of the decedent’s estate or trust. That is because the estate or trust will now be accountable to creditors, including the IRS and State tax agencies given that the decedent’s rights, […]