IRS Publication 559: Survivors, Executors And Administrators


DEFINITION of 'IRS Publication 559: Survivors, Executors And Administrators'

A document published by the Internal Revenue Service (IRS) that provides guidance to persons responsible for the estate of a deceased individual. IRS Publication 559 outlines the necessary steps to completing a tax return for the deceased, how any remaining tax obligations are to be paid for, and the general duties of the personal representative of the estate. The document also lists the necessary forms that must be filled out and their corresponding deadlines.

BREAKING DOWN 'IRS Publication 559: Survivors, Executors And Administrators'

Survivors, including widows and widowers, estates and beneficiaries may be responsible for the tax liabilities of the deceased, but they also receive tax benefits. Qualifying widows and widowers who file a joint return the year of the death may qualify for a special tax rate for up to two years. If the deceased was due income, that income may be treated as Income in Respect of a Decedent (IRD).

  1. IRS Publication 570: Tax Guide ...

    A document published by the Internal Revenue Service (IRS) that ...
  2. Decedent

    A person who is no longer living. Just as a taxpayer's possessions ...
  3. Final Return For Decedent

    The final tax return filed for an individual in the year of that ...
  4. Qualified Widow Or Widower

    The least common of the five types of tax filing status each ...
  5. Income In Respect Of A Decedent ...

    Money that was due to a decedent and will pass through to the ...
  6. Section 1041

    A section of the Internal Revenue Code that mandates that any ...
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