Client passed away in 2015 and owes past taxes on the Federal. He has had no taxable income in the last few years as he was on Social Security only. Does that past liability now disappear? Also, his body was donated to the university so no funeral director is involved. How does Social Security get notified to stop the SS payments?
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Deceased Client Owes Taxes?
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Originally posted by Burke View PostThe past taxes due are an obligation of his estate. If there are any assets, they will be used to pay it. Also, whoever qualifies as Administrator or Executor or Personal Representative should notify SSA of his death.Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR
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No Assets
Originally posted by Burke View PostThe past taxes due are an obligation of his estate. If there are any assets, they will be used to pay it. Also, whoever qualifies as Administrator or Executor or Personal Representative should notify SSA of his death.
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Bad Advice from Attorney
I recently had a client tell me his Attorney advised him "don't worry about filing your deceased Father In Law's delinquent returns". Apparently, the attorney thought the IRS wouldn't catch it and the heirs don't have to worry about their deceased relatives unfiled returns.
His father in law was issued 1099 reporting NEC for both tax years, the IRS will never catch that....Circular 230 Disclosure:
Don't even think about using the information in this message!
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