Posted on February 1, 2012 by Greg Herman-Giddens

Tax Related Duties of an Executor

I just came across this article, Closing Down the Estate, on SmartMoney.com.  It gives a good overview of what an executor is responsible for from a tax perspective, but is by no means exhaustive.  Since Executors can be personally liable for certain tax penalties, they should make sure to engage an experienced tax attorney or CPA to ensure that everything is done timely and correctly.

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