Uncover the Essential Taxes You Must Pay During Probate

Which Taxes Need To Be Paid During Probate?

In accordance with national law, the death of a taxpayer triggers two primary actions. Firstly, it necessitates the filing of the deceased’s final income tax return for their last year of life. Secondly, it establishes a separate entity for tax purposes, known as the ‘estate.’ Various federal tax regulations come into play, requiring the completion […]