[WSBARP] Estate Tax Returns

[Kary Krismer]

My answer assumed Jim was asking about estate taxes, not income taxes 
for the estate.

Kary L. Krismer
John L. Scott, Inc.
206 723-2148

On 3/3/2020 1:22 PM, Nicholas Pleasants wrote:
>
> 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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