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Preparing Returns for Deceased Persons Canada Ca  Form

Preparing Returns for Deceased Persons Canada Ca Form

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do you know which tax returns an executive is required to file when someone dies did you know there are many tax saving opportunities on the final tax return that can save you thousands of dollars do you know what a trust return is hello says Gary Booth from deceased tax returns.com today we're going to talk about some common questions Executives ask regarding tax returns for example what returns do I need to file there are you are usually three kinds of returns you need to file on the death of an individual is the first one is a final return is always required and the second is any prior year returns not filed must be completed and the third is a trust return may be required now a trust return is for income earned in the estate of the deceased remember the executive or legal representative is liable for any amount that deceased owes if property under your control is distributed before all taxes are paid now we can provide the professional help you need in these difficult times

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