Wills & Guardianship: 214.227.6400
9400 N. Central Expy., Ste. 1630
Dallas, Texas 75231
There are also various tax filings that may have to be made on behalf of the estate and the decedent. The preparation of tax filings, however, is a task that is best performed by a Certified Public Accountant or “C.P.A.” The Duran Firm does not prepare tax filings. The executor should retain a C.P.A. to accomplish these requirements.
Common filings that may be required include: 1) Notice of Fiduciary Relationship (Form 56), to inform the IRS of your appointment; 2) Individual Income Tax Return (Form 1040), to report the decedent’s income for the last calendar year of [his/her] life; 3) Income Tax Return for Estates and Trusts (Form 1041), to report any income earned by the estate; and 4) Federal Estate Tax Return (Form 706), required for very large estates that are subject to the estate tax.