Filing for deceased taxpayer who will probably owe taxes, but no assets remain in the estate to pay...what happens?

espro1ad · ‎May 31, 2019

What are procedures to inform IRS of this situation? How will IRS resolve lack of estate funds? I am the executor.

macuser_22 · ‎May 31, 2019

See Pub 559 page 3 for insolvent estate.

https://www.irs.gov/pub/irs-pdf/p559.pdf

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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macuser_22 · ‎May 31, 2019

See Pub 559 page 3 for insolvent estate.

https://www.irs.gov/pub/irs-pdf/p559.pdf

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

macuser_22 · ‎May 31, 2019

Also see form 5495.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f5495.pdf">https://www.irs.gov/pub/irs-pdf/f5495.pdf</a>

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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Filing for deceased taxpayer who will probably owe taxes, but no assets remain in the estate to pay...what happens?