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Death and Taxes

$69.00

Although the computation of income, taxable income, and taxes payable are the same as for living taxpayers, there are unique provisions for deceased taxpayers. Learn about these unique provisions, including deemed disposition and compliance requirements.

Hours
1.0

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SKU: TX003 Category: Tag:

Description

This course is aimed at professional accountants who are tasked with preparing an income tax and benefit return for a deceased person.  We will focus on the unique requirements for deceased taxpayers, including the implications of the deemed disposition that occurs immediately before a taxpayer’s death and the compliance requirements for deceased taxpayers.

Please note that this course covers the final and optional returns for a deceased taxpayer; trusts, including graduated rate estates, are not covered in this course.

By the end of this course, you will be able to:

  • Identify the implications of the deemed disposition that occurs immediately before a taxpayer’s death.
  • Apply net capital losses upon the death of a taxpayer.
  • Identify what types of income that should be included in a deceased taxpayer’s final return.
  • Identify whether any of the optional returns should be filed for a deceased taxpayer.
  • Identify the tax return filing deadlines and balance due dates for a deceased taxpayer.