When someone passes away, their estate becomes its own legal entity for tax purposes. If you are the executor, you are responsible for managing this entity, which includes filing an estate tax return. You should note that this return is separate from the deceased person’s final tax return and is filed using the T3RET form (T3 Trust Income Tax and Information Return). It reports any income earned by the estate from the time it’s created until the assets are distributed. Handling this filing correctly is crucial to ensure everything is in order.

As you may already be aware, estate tax returns can be complex and often require specific expertise to navigate properly. With all the rules and details involved, it’s easy for executors to feel overwhelmed by the process. If you’re uncertain about how to proceed or need guidance, it’s crucial to seek professional advice.

Our team of experienced CPAs is here to support you. We can advise you on all aspects of the estate tax process and help with filing estate tax returns. If you’d like help or have any questions, feel free to reach out to us or book an introductory call. We’re here to make this process as smooth as possible for you.