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September 5, 2024
Question

Deceased Father's Tax Returns

  • September 5, 2024
  • 1 reply
  • 0 views

My father passed away in August 2023. He had not filed his 2021, 2022 or 2023 personal tax returns. As it turns out he will get a small refund for 2021 and 2022, but owes ~$30K for 2023. His refunds for 2021 and 2022 will be applied to amounts owed for 2023, but he will still owe quite a bit. Unfortunately, his estate had no money and was insolvent. We personally funded his probate attorney and burial expenses...  

What form do we file with his tax returns to tell the IRS his estate is insolvent and there is no money to pay for the taxes due?

1 reply

Employee
September 5, 2024
September 5, 2024

So all of the activity happened pre-death, he just spent all the money and didn't pay taxes on it... So we are filing 1040s not 1041s...  Do we still use that same form as there was no financial activity post death?

Employee
September 5, 2024

Yes, but was a 1099-C issued?