Death of a Taxpayer – Part One

Nine years ago, MoneySaver published Brian’s four-part article dealing with the death of a taxpayer. In this edition, we begin the running of an updated version of the article. Lana, Editor-in-Chief     This is the first article that will present the income tax implications of the death of a taxpayer. Part two will present the special income tax rules for paying a deceased taxpayer’s income tax liability as well as capital loss utilization in the year...