[WSBARP] Estate Tax Returns

[Nicholas Pleasants]

The PR generally should be prepared to file both a final 1040 for decedent and a 1041 if the estate received income. The final 1040 is always on the calendar year, so it is due April 15 of the year following death. The estate can opt to be a fiscal year payer or calendar year payer, depending on what you put on the SS-4 application for Tax ID #. If you didn’t put anything, I believe the IRS assumes calendar year. In that case, a 1041 would be due April 15, if estate had income received between date of death and 12/31/19. See https://www.irs.gov/businesses/small-businesses-self-employed/deceased-taxpayers-filing-the-estate-income-tax-return-form-1041

Best,
Nick

Nicholas Pleasants
Pleasants Law Firm, P.S.
2300 130th Ave NE, Suite A-101
Bellevue, WA 98005-1755
(425) 615-7070 tel/fax
nick at pleasantslaw.com<mailto:nick at pleasantslaw.com>
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From: <wsbarp-bounces at lists.wsbarppt.com> on behalf of Jim Doran <jim at doranlegal.com>
Reply-To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Date: Tuesday, March 3, 2020 at 12:29 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Estate Tax Returns

A client is asking about when an estate tax return has to be filed.  The decedent died at the end of October, 2019.  Is the date March 15th?

I am not up on this kind of thing.  What are the circumstances that require an estate tax return, anyway?

Jim Doran

James R. Doran
Attorney at Law
100 E. Pine Street -  Suite 205
Bellingham, WA 98225
(360)393-9506
jim at doranlegal.com<mailto:jim at doranlegal.com>
www.doranlegal.com<http://www.doranlegal.com>
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