Believe it or not, your tax obligations don't die with you. Depending on your circumstances, your personal representative might have to file one or more tax returns. This video dives into preparing a final tax return, what happens when your spouse dies, and preparing an estate income tax return, or Form 1041, if your estate has taxable income.

If you'd like to know more about when you must (or should) file a tax return, click here:    • Do I HAVE to file a tax return?  

To get an introduction to Estate K1 Forms, click here:    • K1's (for Beginners!)  

Additional Resources and Information:

IRS Form 1041: "U. S. Income Tax Return for Estates and Trusts": https://www.irs.gov/pub/irspdf/f1041...

Instructions for Form 1041: https://www.irs.gov/pub/irspdf/i1041...

IRS Form 706: "United States Estate (and Generationskipping Transfer) Tax Return": https://www.irs.gov/pub/irspdf/f706.pdf

IRS Form 1310: "Statement of Person Claiming Refund Due a Deceased Taxpayer": https://www.irs.gov/pub/irspdf/f1310...

IRS Schedule K1 For estates and trusts: https://www.irs.gov/pub/irspdf/f1041...

Investopedia: "Form 1041: U.S. Income Tax Return for Estates and Trusts": https://www.investopedia.com/taxform...

Nolo: "Filing an Income Tax Return for an Estate" https://www.nolo.com/legalencycloped...

The Tax Geek on The Site Formerly Known as Twitter: www.twitter.com@taxgeekusa

The Tax Geek on Reddit: www.reddit.com/r/askataxgeek

Image/Video Sources:

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Intro Music: "Bluesy Vibes" Doug Maxwell YouTube Creator Music

Outro Music: "Modern Attempt" Track Tribe under license from YouTube Creator Music

DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or financial advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or financial professional.