Diane Posted April 10, 2008 Report Share Posted April 10, 2008 I have a client who passed away last year. He always had IRA, Pension, Social Security income. No interest or dividends. And he always owed addtional taxes because he never paid any estimates. I don't think there will be any difference in his last 1040 tax return. The daughter is trying to finish up her Dad's stuff. I'm not sure what they are doing about his 'Estate' (not sure he even has one). He lived in Florida, so I, again, don't know much about Florida rules. I don't do those returns. But, she is wondering if there is a balance due on his 1040 how does it get paid? If there is no money, who pays the taxes? By the way, anyone out there from Maryland and/or Florida that does Estate stuff? Diane Quote Link to comment Share on other sites More sharing options...
Chrisbry Posted April 10, 2008 Report Share Posted April 10, 2008 What happened with the balance of his IRA? Who received that? I was under the assumption that all debts needed to be paid before distribution of the assets. Has the daughter been court appointed as the Executor/Personal Rep? Quote Link to comment Share on other sites More sharing options...
RoyDaleOne Posted April 10, 2008 Report Share Posted April 10, 2008 There is no Florida income tax and mostly no Florida estate tax for your client. Nothing to do but Federal taxes. Quote Link to comment Share on other sites More sharing options...
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