WebCancellations news that is up-to-the-minute. Get breaking Cancellations information and an unfiltered, no-holds-barred analysis of Cancellations-related events. WebAug 3, 2024 · One option is to choose the longest permissible period in order to defer the payment of tax for as long as possible. In that case, the fiduciary would chose a fiscal year that ends with the month preceding the date of death. For example, if the decedent died on September 15, 2024, the fiduciary could elect a taxable year that ends on August 30.
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Basic Tax Reporting for Decedents and Estates - The CPA Journal
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