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Arnold & Arnold, LLP
Attorneys at Law
7691 Shaffer Parkway, Suite A
Littleton, CO 80127
Phone: 720-962-6010
Fax: 720-962-6011
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Probate Archives

4 Common Taxes Affecting Probate Transfers

1. Ordinary Income Tax:  This is the income tax reported annually in tax returns by most working adults. Additionally, a tax return for the decedent's final year is usually required. For example, if a person dies on August 15, 2014, the Personal Representative will need to file a return by April 15, 2015 for the decedent's 2014 income. The return is marked "Final Return" on the first page.