joans Posted May 19, 2009 Report Share Posted May 19, 2009 Hi all. Something new for me. Clients husband died in April 2009. State (WI) is looking for paperwork to set up estate return. Never have done an initial estate return so how do I begin to proceed on this? Any help would be very much appreciated. Do I start with a 1041? Sara Quote Link to comment Share on other sites More sharing options...
mcb39 Posted May 19, 2009 Report Share Posted May 19, 2009 Hi all. Something new for me. Clients husband died in April 2009. State (WI) is looking for paperwork to set up estate return. Never have done an initial estate return so how do I begin to proceed on this? Any help would be very much appreciated. Do I start with a 1041? Sara This is the blind leading the blind. "Both inheritance and gift taxes for WI were completely phased out as of 1992. WI Estate Tax has now replaced the former inheritance tax. The WI Estate Tax is based on a percentage of Federal Estate Tax for estates exceeding $675,000. Refer to WI Form W-706." Page 41, Wisconsin Tax Guide. The next paragraph states that: Wisconsin Estate Tax Expired January 1, 2008 Do you want me to fax you the page? Quote Link to comment Share on other sites More sharing options...
jainen Posted May 19, 2009 Report Share Posted May 19, 2009 >>State (WI) is looking for paperwork to set up estate return.<< I don't exactly understand this sentence, but it makes me mighty uncomfortable. If the government came down on this family within just a few weeks of the death, something important is going on. Quote Link to comment Share on other sites More sharing options...
zeke Posted May 19, 2009 Report Share Posted May 19, 2009 Hi all. Something new for me. Clients husband died in April 2009. State (WI) is looking for paperwork to set up estate return. Never have done an initial estate return so how do I begin to proceed on this? Any help would be very much appreciated. Do I start with a 1041? Sara Verify with estate attorney that formal estate proceedings will be required, & if so, will he/she obtain EIN or will you. Attorney/taxpayer/you should notify all banks & brokers & etc of decedent's death and EIN of estate. 1041 is correct return, you may also need 706 and/or 709. Good luck! Zeke Quote Link to comment Share on other sites More sharing options...
joans Posted May 19, 2009 Author Report Share Posted May 19, 2009 This is the blind leading the blind. "Both inheritance and gift taxes for WI were completely phased out as of 1992. WI Estate Tax has now replaced the former inheritance tax. The WI Estate Tax is based on a percentage of Federal Estate Tax for estates exceeding $675,000. Refer to WI Form W-706." Page 41, Wisconsin Tax Guide. The next paragraph states that: Wisconsin Estate Tax Expired January 1, 2008 Do you want me to fax you the page? Marilyn, If you could, I would really appreciate it. 715-848-0818. Any help would be great. Blind is willing to accept from the blind:) Sara Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.