Relevant tax tips and updates for small business owners and individuals.
Sunday, August 1, 2010
Income Tax Return for Estate
Even during the sorrowful time after a loved one has passed away, the IRS won't be ignored. The estate's tax year ends the last day of the month prior to the month of death. For example, the tacx year for the estate of an individual who passed away on 9/15 woudl be September 1-August 31.