A Detailed Guide to Learn About the Taxes Due After Someone's Death
After a death, friends and relatives don't typically focus on taxes. In the future, the deceased person's heirs or trust beneficiaries will have to pay the taxes owed by their loved ones. These are "dead estate taxes" You should file and prepare a deceased person's last income tax return as though they were alive. The person's tax position is the same whether they're active or not.
Triston Martin
Dec 31, 2023
Taxes