If the court appointed Personal Rep wants to file 1041& pay taxes before the decedent’s Estate Bank account is opened (because the return is already late,) are there any issues with the Personal Rep. (also sole Beneficiary) paying out of their own funds, with a Money Order or cashier’s check? Can the PR get reimbursed from the Estate if they do? If paying from PR’s own funds is problematic, are there any other ways to get the 1041 filed and paid before the Estate bank account is opened? The IRS has assigned an EIN #, it’s just that the Estate Bank Account isn’t open yet and may take a little while.
You'll need to sign in or create an account to connect with an expert.
If the court appointed Personal Rep wants to file 1041& pay taxes before the decedent’s Estate Bank account is opened (because the return is already late,) are there any issues with the Personal Rep. (also sole Beneficiary) paying out of their own funds, with a Money Order or cashier’s check? That is not a problem, the IRS will take money from anyone.
Can the PR get reimbursed from the Estate if they do? Yes you can.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Drake1cmd
New Member
maximgt
Level 2
trust812
Level 2
mlpinvestor
Level 3
Papajoehoward52
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.