Mitchell Jones Taxation [MJT] is a full-service tax accounting firm that can provide a variety of tax services including estate tax services.

An Executor of an estate has the responsibility of filing the income tax returns for the final year of the deceased and, if required, the estate. When a taxpayer dies not only do the tax rules that are in effect during a taxpayer’s lifetime apply in the year of death, but also there is an additional set of tax considerations.

Any taxes owing must be paid and if not paid by the due date, interest will be added to the final tax bill. If the return is filed late, penalties will be charged. Trust (estate) returns have particularly punitive charges for late filing and nonpayment of taxes. An estate tax return is required if the estate earns income after the deceased dies and before the assets are distributed to the beneficiaries.

The well-trained tax accountants at MJT pride themselves on being there for their clients every step of the way. We look forward to keeping in touch with you throughout the year to understand exactly how we can leverage our expertise to benefit your situation. We make sure that we are at the table at the initial stages of tax planning, and we remain closely involved through regular follow-ups and discussions.

We know that filing estate taxes can be complicated and cumbersome. Feel confident relying on the expertise of seasoned accounting professionals at MJT who are passionate about supporting you in the role as the estate’s legal representative (executor). Contact us today to find out how we can best support you in this capacity.