[skiw97]

you can pick either the date the person dies or 12/31 year end.

You also have to file within 9 months of death – unless an extension is filed.

What if the person dies on February 1st, and elects a 12/31 year end. They would have to file a return in 9 months, and then another one at year end for the gap income/expenses? I can just see the exam trying to trick us.

FAR 11/13 - 78, BEC 1/13 - 82, AUD 2/23 - 94, REG 5/15 - 86

[Anonymous]

I think what u r asking is this…

There are two taxes and two form on estate..

1..income tax form 1041 or something…that is filed..calender year (dec 31) or fiscal year (starting ..date of death)..which is due on 3 1/2 moonths after y/e

2. Form 706..which is estate transfer tax form..it's due 9 months after date of death..

don't go into deep…this is what I know and I think..if they'll ask the due date it won't be that complicated..

[Author]

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