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Keeping tax records after death #7695667
10/19/22 07:57 AM
10/19/22 07:57 AM
Joined: Dec 2006
Posts: 6,135
SW Pa
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Bob Jameson Offline OP
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Bob Jameson  Offline OP
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Joined: Dec 2006
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SW Pa
My mother passed 3 years ago next month. I had her final taxes done for her last surviving year by our company tax accountant. She has recently had a stroke and isn't going back to work it seems for a while if ever.. I came across several boxes of years of tax documents and filings for mom and dad. They are both deceased now.

I believe you are to keep tax records for 5-7 years. Not sure if that rule still applies after death as well and their final taxes have been filed.

I need to clean some things out of storage.

Re: Keeping tax records after death [Re: Bob Jameson] #7695711
10/19/22 08:56 AM
10/19/22 08:56 AM
Joined: Dec 2015
Posts: 2,630
NNY
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080808 Offline
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080808  Offline
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NNY
Might be best to ask a CPA or attorney who specializes in taxes.

Re: Keeping tax records after death [Re: 080808] #7695716
10/19/22 08:58 AM
10/19/22 08:58 AM
Joined: Dec 2006
Posts: 55,763
Minnesota
330-Trapper Offline

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Posts: 55,763
Minnesota
Originally Posted by 080808
Might be best to ask a CPA or attorney who specializes in taxes.

Yes


NRA and NTA Life Member
www.BackroadsRevised@etsy.com




Re: Keeping tax records after death [Re: Bob Jameson] #7695742
10/19/22 09:27 AM
10/19/22 09:27 AM
Joined: Feb 2014
Posts: 11,194
Ky
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jbyrd63 Offline
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Posts: 11,194
Ky
3 years according to google if there is a company involved. But ask a tax man and he says once the estate is settled individual returns the IRS won't auduit OR he's never heard of it .

Last edited by jbyrd63; 10/19/22 09:32 AM.
Re: Keeping tax records after death [Re: jbyrd63] #7695750
10/19/22 09:35 AM
10/19/22 09:35 AM
Joined: Dec 2006
Posts: 10,450
East-Central Wisconsin
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bblwi Offline
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East-Central Wisconsin
I file my own and we keep for 7 years. That could be changing over the last years too. The IRS also has records they keep as well as they could not come back to audit one if they did not have the files on hand.

Bryce

Re: Keeping tax records after death [Re: Bob Jameson] #7695797
10/19/22 11:21 AM
10/19/22 11:21 AM
Joined: Aug 2010
Posts: 9,567
Asheville, NC
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charles Offline
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charles  Offline
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Asheville, NC
Ask a professional. Too bad Coonman isnít here to share tax advice with us.

Re: Keeping tax records after death [Re: bblwi] #7695820
10/19/22 12:11 PM
10/19/22 12:11 PM
Joined: Feb 2014
Posts: 11,194
Ky
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jbyrd63 Offline
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Ky
Originally Posted by bblwi
I file my own and we keep for 7 years. That could be changing over the last years too. The IRS also has records they keep as well as they could not come back to audit one if they did not have the files on hand.

Bryce


But your still alive !!! LOL question was after BOTH people on returns pass.....

Re: Keeping tax records after death [Re: Bob Jameson] #7695833
10/19/22 12:24 PM
10/19/22 12:24 PM
Joined: Dec 2006
Posts: 3,042
Moved to Fbks, Ak.
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martentrapper Offline
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Once an individual passes, creditors would have to go after the estate. IRS would be a creditor I believe. Once the estate is settled it would seem unlikely there is any way to get money out of the estate. The executor could possibly be sued if there are problems. I often see postings in newspapers advertising for folks to come forward by a certain date if they have claims against an estate.

Re: Keeping tax records after death [Re: Bob Jameson] #7695846
10/19/22 12:54 PM
10/19/22 12:54 PM
Joined: Dec 2006
Posts: 6,135
SW Pa
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Bob Jameson Offline OP
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SW Pa
I was the administrator/executor of the Trust so all loose ends appeared to be tied up as they should a few years back now. I had a tax attorney assist me in the final estate tax payment so I should be good on that end as well.

Re: Keeping tax records after death [Re: Bob Jameson] #7695855
10/19/22 01:11 PM
10/19/22 01:11 PM
Joined: Dec 2006
Posts: 10,450
East-Central Wisconsin
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bblwi Offline
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East-Central Wisconsin
And yes if I knew when I was going to die I could have that arranged ahead of time.

Bryce

Re: Keeping tax records after death [Re: Bob Jameson] #7730400
11/29/22 10:35 PM
11/29/22 10:35 PM
Joined: Aug 2011
Posts: 40,197
james bay frontierOnt.
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Boco Offline
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james bay frontierOnt.
I knew a guy who used to write "DECEASED" on bills he would recieve in the mail,and return to sender.


Forget that fear of gravity-get a little savagery in your life.
Re: Keeping tax records after death [Re: Boco] #7730417
11/29/22 10:49 PM
11/29/22 10:49 PM
Joined: Dec 2021
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Louisiana
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MattLA Offline
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Louisiana
Originally Posted by Boco
I knew a guy who used to write "DECEASED" on bills he would recieve in the mail,and return to sender.


Great way to get out of bills lmao, probably doesnt work anymore.

Re: Keeping tax records after death [Re: Bob Jameson] #7730420
11/29/22 10:51 PM
11/29/22 10:51 PM
Joined: Aug 2011
Posts: 40,197
james bay frontierOnt.
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Boco Offline
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james bay frontierOnt.
I bet it still works for him,since he passed away a few months ago,lol.


Forget that fear of gravity-get a little savagery in your life.
Re: Keeping tax records after death [Re: Bob Jameson] #7730440
11/29/22 11:06 PM
11/29/22 11:06 PM
Joined: Aug 2010
Posts: 9,567
Asheville, NC
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charles Offline
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Asheville, NC
Coonman could always advise us on tax matters.

Re: Keeping tax records after death [Re: Bob Jameson] #7730450
11/29/22 11:12 PM
11/29/22 11:12 PM
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Fontana KS
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Andrew Eastwood Offline
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Fontana KS
Bob, my tax lady told me to keep Dad's for 7 years after he passed. The last folder went into the stove this past tax season. Don't know the legals, but that is what my tax lady advised. FWIW

Re: Keeping tax records after death [Re: MattLA] #7730522
11/30/22 01:04 AM
11/30/22 01:04 AM
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St. Louis Co, Mo
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BigBob Offline
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St. Louis Co, Mo
Originally Posted by MattLA
Originally Posted by Boco
I knew a guy who used to write "DECEASED" on bills he would recieve in the mail,and return to sender.


Great way to get out of bills lmao, probably doesnt work anymore.

Great way to go to prison for fraud too!


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Remember Bowe Bergdahl, the traitor.

Beware! Jill Pudlewski, Ron Oates and Keven Begesse are liars and thiefs!
Re: Keeping tax records after death [Re: Bob Jameson] #7730582
11/30/22 07:30 AM
11/30/22 07:30 AM
Joined: Mar 2012
Posts: 268
Ohio
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Dan D Offline
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Ohio
Creditors have 6 months after the date of death to file a claim against the estate. Just finalized Moms a couple weeks ago.

Re: Keeping tax records after death [Re: Bob Jameson] #7730595
11/30/22 08:01 AM
11/30/22 08:01 AM
Joined: Dec 2006
Posts: 4,018
Fairbanks, Alaska
Pete in Frbks Offline
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Fairbanks, Alaska
I have a hard enough time doing my taxes now. I cannot imagine the situation will improve after I'm dead...!

Pete

Re: Keeping tax records after death [Re: Bob Jameson] #7730644
11/30/22 10:09 AM
11/30/22 10:09 AM
Joined: Oct 2012
Posts: 2,854
Wisconsin
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Eagleye Offline
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Wisconsin
The IRS Statue of Limitations for auditing is normally 3 years, if you were Power of Attorney, for your peace of mind maybe hang onto them for another couple years, if not- I would dispose of them.

Re: Keeping tax records after death [Re: Bob Jameson] #7730729
11/30/22 11:46 AM
11/30/22 11:46 AM
Joined: Jun 2007
Posts: 14,059
Tennessee
Scuba1 Offline
"color blind Kraut"
Scuba1  Offline
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Joined: Jun 2007
Posts: 14,059
Tennessee
f folks can vote Democrat after they die, why should they not pay taxes ??


Let's go Brandon

"Shall not comply" with morons who don't understand "shall not infringe."
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