Final Return For Decedent
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Definition of 'Final Return For Decedent'
The final tax return filed for an individual in the year of that person's death. Taxpayers who die in any given year will have one final tax return filed on their behalf for this year. A copy of the death certificate must be attached to the return for it to be processed.
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Investopedia explains 'Final Return For Decedent'
The decedent's executor or personal representative is usually responsible for filing the final return for the decedent. This return pertains solely to income taxes and should not be confused with the estate tax return. Income received after the taxpayer's death is also reported on this return.
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Search results for 'Final Return For Decedent'
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http://www.investopedia.com/articles/05/taxlawchange.asp
... not receive the taxpayers' (a married couple's) tax return, and refused ... The final
regulations are ... rule appeared to create a quandary when the decedent had died ...
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http://www.investopedia.com/articles/retirement/05/nondeductibleIRA.asp
... Unless you are the decedent's spouse and choose to treat the ... You can then refer to
the tax return to see whether a ... A final option If you find that you have non ...
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http://www.investopedia.com/articles/taxes/08/itemized-deductions-overview.asp
... Other Miscellaneous Deductions - This final category of itemized ... on income in respect
of a decedent and certain ... those rules are applied to your tax return. ...
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http://www.investopedia.com/exam-guide/series-66/analyzing-financial-profile/tax-issues.asp
... If you inherit an investment. , your cost basis is the value of the asset as of
the decedent's date of death. This is known as a stepped-up cost basis. ...
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