TAX RESPONSIBILITIES

The personal representative is responsible for filing the decedent’s final income tax return (IRS 1040). The personal representative is responsible for filing an income tax return for the estate in any year that the estate has at least $600 of income (IRS 1041). In almost every estate, we prepare an “Affidavit of No Florida Estate Tax Due.” Howeer, if the “gross estate” is $5,450,000 or more in 2016, and $5,490,000 or more in 2017, a federal estate tax return form 706 must be filed within nine months after decedents’ date of death. If the decedent made any taxable transfers before death, the filing of a federal gift tax return may also be required. If the decedent or his estate is liable for Florida tangible personal property taxes, the personal representative is also responsible for the filing of these returns. I work closely with my clients to co-ordinate efforts with accountants to ensure that the proper returns are filed, and that all available exemptions are claimed.

 

florida

Russell R. Winer, Attorney-at-Law

520 4th Street North, Suite 102
St Petersburg FL 33701
727 821-4000
Toll Free Number: 877-591-6800
806 N Armenia Ave
Tampa, FL 33609
Phone: (813) 933-5700
Fax Toll Free: (866) 774-2476
E-mail: attorney@inherit-florida.com

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