Dead Person & Tax Issues : 7 Points You Need to Know

It is a universal truth that a man/woman, whether one earns or not, whether poor or wealthy, shall die one day. That day of end cannot be predicted. So , in the event of sudden death of a person who had income, creates tax issues for family members. For example, Whether tax return related to the deceased person really needed to be filed?If yes, who should file tax return or how the tax return should be filed on behalf of the deceased taxpayer. Who will sign the tax return?   So ,this post is going to simplify important provisions and procedures for complying with income tax laws in case of income a deceased person.