1099's, Belligerent Beneficiary, Beneficiary, Estate Income Tax Returns, Expenses, Federal Estate Income Tax Return, Final Tax Returns, Income, Inherit, Rental Property, Social Security Numbers, Tax Documentation, Tax Planning, Tax Professional
In May 2013, soon after meeting with the belligerent beneficiary, my focus turned to the estate income tax returns (returns). After reviewing the tax documentation used for the final returns, I became uncertain about the tax documentation needed to prepare the estate income tax returns. That uncertainty gave me reason to pause. This is when I realized that this chaotic estate was going to close on time. After months of worrying about the run-down rental property, the tenants, and associated expenses, the estate would actually settle on time. So, with the returns not due until December 15th, there was no need to rush. Furthermore, instead of wallowing in uncertainty, I called the tax professional for some guidance on the tax documentation.