The decedent’s final tax return, often referred to as the final 1040, is the last individual income tax return filed on behalf of a deceased person. This return covers the period from January 1 of the year of death up to the date of death, including all income, deductions, and credits for that period. At John Burke CPA, I provide expert assistance in preparing and filing this final tax return. My comprehensive services ensure that the decedent’s income is accurately reported and all tax obligations are met.
I meticulously gather and report all sources of income earned up until the date of death, including wages, retirement distributions, investments, and other earnings.
I identify and apply all relevant deductions and credits to minimize the final tax liability. This includes medical expenses, charitable contributions, and other allowable deductions.
I ensure that the final tax return is prepared and filed in compliance with IRS requirements, avoiding penalties and interest.
I coordinate with the estate’s executor or trustee to ensure a smooth transition and proper allocation of income and expenses between the final return and the estate or trust returns.
In the event of an IRS inquiry or audit, I provide support and representation to resolve 706 issues effectively.
