What do I need to know about filing taxes for a deceased person?

When a person dies, their estate must file a final income tax return and any other necessary tax documents. It is important to keep in mind that the taxes of a deceased person must be filed for their entire year of death, regardless of when in the year the death occurred. The personal representative of the deceased person’s estate is responsible for filing any required tax forms. In most cases, this person is the executor of the will, but it can also be whoever is named in the deceased person’s last will and testament, or a person appointed by the court. The estate must get a federal employer identification number (EIN) and use it to file the final tax return, as well as open an estate bank account. In Washington, the estate of a deceased person must file a state estate tax return if the gross value of the entire estate is more than $2.193 million. Depending on the size of the estate, the executor may also have to file a Washington inheritance tax return. In order to do this, the executor must obtain a Washington Inheritance Tax Certificate from the Department of Revenue. It is important to ensure that all required tax forms are filed accurately before the filing deadline. Otherwise, the estate may be subject to certain penalties, including interest and fines. Additionally, it is important to keep in mind that filing deadlines may differ from federal to state taxes, so it is important to check filing requirements for each tax type.

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What do I need to know about filing taxes for a deceased person?

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