Amherst, NH Family Seeks Answers After Losing Their Loved One
In the event of a death with taxes owed to the IRS, the executors and administrators of the estate are responsible for this debt. In general the IRS can only claim outstanding tax debts that can be taken out of the estate. This means that the executor is not liable personally for any outstanding tax debt. This includes any past outstanding taxes, as well as past and future taxes. Future tax bills may be incurred if the estate includes investments that are earning dividends or a rental property generating income.