Have you recently suffered the loss of a spouse, parent, or other taxpaying adult in your family? You have a lot of tasks in front of you, one of which is handling the deceased person’s tax paperwork. You’ll still need to file Form 1040 and any equivalent state tax returns on that person’s behalf. Tax returns are filed for income up to the point of death, and it’s possible to claim medical expenses as itemized deductions. You may also need to file paperwork related to the sale of the decedent’s assets. Depending on the decedent’s financial situation, those few forms may be just the tip of the iceberg.
When you’re grieving a deceased loved one, the last thing you want to do is spend hours figuring out tax paperwork. That’s where Taxation Solutions, Inc. comes in. We’ll walk you through all of the forms you need to fill out and the backup materials you need to provide, always treating you with compassion and care. Our aim is to make the process as smooth as possible, so you don’t experience any more stress during this difficult time. Call or e-mail us today if you’re based in or around St. Louis and need to discuss preparing an annual tax return for a deceased individual in your family, or if you need help with any other tax matters. We’ll be happy to give you a free cost estimate to help you plan ahead.