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Posts Tagged ‘death taxes’

Taxes after Death

September 26, 2015  |   Tax Advice,Tax News   |   Tags: , ,  

Death and Taxes can be uncertain. Tax can even occur after a person's death that is why it is the responsibility of the family of the deceased person to do certain duties for him/her such as resolving all their tax issues which can later become a problem.

Death and Taxes

September 18, 2015  |   Tax Advice   |   Tags: , ,  

After a person dies, those surviving him/her are required to fulfill certain tax duties. These include filing the deceased’s last tax return, managing their income, and paying any taxes due. The IRS usually approaches the children or family members of the deceased for resolution of any tax issues, including back taxes. It is important for the family/friends to resolve all the tax duties of the departed person as early as possible.