The Peck Group, LC
  • Comprehensive Tax Law Representation Since 1995

    We handle every aspect of tax law: preparing tax returns, representing clients during audits, resolving IRS and state tax controversies, and creating tax planning strategies for the future.

  • Problems With The IRS Or State Tax

    Our attorneys are committed to providing efficient and effective tax solutions for individuals and businesses in Georgia and nationwide.

  • Planning For The Future

    Our lawyers help individuals and businesses with all aspects of estate and tax planning. We help our clients use proactive strategies to minimize tax implications in the future

  • Changing The Balance Of Power

    Does it feel like the government has all the power? Taxpayers have rights, too. We use our knowledge of tax law to shift the balance of power and ensure that your rights are protected.

  • Tax Solutions … And Peace Of Mind

Handling taxes for a loved one's estate? Don't panic

If you have recently been appointed as the estate administrator for a deceased loved one, you may be required to file one or more tax returns in addition to managing the decedent's assets, paying off debts and distributing any assets that remain to beneficiaries. This process can be complicated, but hiring an experienced tax attorney can keep it flowing smoothly, leaving you free to complete other tasks requested of you. Your lawyer will help you stay organized and make sure you file the proper paperwork every step of the way.

Determine the decedent's assets, debts and beneficiaries

Once you receive the letters testamentary authorizing you to act on the decedent's behalf, you can begin gathering the data needed to determine the value of assets and whether any debts are owed to creditors. All creditors will need to file a creditor claim to be recognized as having a legitimate request for a portion of the estate. If you have any reason to believe the decedent had incurred a debt to the IRS, you may need to specifically request that the IRS file a claim as well.

File the necessary tax returns

You may need to file one or more separate tax returns, depending upon the details of the situation:

  • If the decedent had income during the year of his or her death greater than the minimum filing limit, you will need to complete a 1040.
  • Any previous years during which the decedent earned income above the filing limit, but did not file taxes will require an additional 1040.
  • Income tax returns must be filed on the estate itself if the assets generate more than $600 per year in dividends, rental income, interest, etc. If a functioning business will continue to operate as part of the estate, a new tax identification number (also known as an EIN or employer identification number) will be required; all new wages and income from the business will then be reported under the new EIN.
  • With relatively large estates, an estate tax return must be filed on the transfer of any assets that remain after paying all of the decedent's debts.

Working with a professional brings peace of mind

The details of estate administration can become daunting, but working with a professional tax attorney will bring you the peace of mind of knowing you are filing everything correctly and are being assisted by someone with years of experience.

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The Peck Group, LC
5855 Sandy Springs Circle N.E., Suite 190
Atlanta, GA 30328

Phone: 770-884-6914
Fax: 770-933-2369
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