Tags
Calendar Year, date of death, Estate Income Tax, Estate Tax, Estimated Tax, Final Taxes, Fiscal Year, Form 1041, Gift Tax, Tax Returns
An important function of the executor is to file tax returns for the decedent and the estate. Therefore, it is also important that the executor understands how the date of death determines which tax return to file. Income received before the date of death and after the date of death require different treatment. As a result, the executor must track the estate income accurately as depicted in the article Track the Estate Income.