Do I Have to Pay a Deceased Relative's Taxes?
The loss of a loved one can be difficult. Aside from that, managing their cash takes a lot of work. The IRS does not require relatives of the deceased to make tax or penalty payments on their behalf. Yet, several guidelines can be applicable if someone has passed away and still has unpaid income or estate taxes . Typically, the final tax return for a deceased person is filed by their surviving spouse or another designated agent. The surviving spouse must sign the return. The person filing the return must be either a court-designated conservator or guardian or a power of attorney if there is no surviving spouse or assigned representative. IRS Form 2848: Power of Attorney and Declaration of Representation must be completed by the person filing the return in all scenarios. Using software that handles many of the most challenging portions of the tax return automatically is the ideal method to submit a tax return on your parent's behalf. Free tax preparation software is available online...