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Get your taxes done using TurboTax
Good idea, as qualified help is the way to go. This is especially important if the deceased has an IRA or 401(k) retirement plan in the mix. "Somebody" is going to pay tax on that money sooner or later - be it the deceased now, or the beneficiary recipient now or later. A pro can give you all the possible scenarios for handling a deferred tax retirement account and help you work out which scenario is best, tax-wise. That way, you are making educated and informed decisions, and not just second guessing the law.
Additionally, if the pro you hire screws up and it results in fines, penalties or late fees, you can hold them legally liable and financially culpable for their mistakes.
‎August 19, 2018
2:22 PM
5,302 Views