tax return

Filing a Final Income Tax Return for a Deceased Family Member

When you lose someone close to you, the last thing you think about, is a tax return. There are not many who are actually aware a final income tax return is necessary for a deceased person and yet they are actually very much required in Australia. These inform the government that the man or woman has passed away and that they are no longer in employment. Many don’t think these should be filed but again, the government needs to be informed of final yearly earnings. Also, if the deceased family member is entitled to a refund, their family must be given that final amount.Read top Article!

Who Can File?

If you are the husband or wife to the deceased then it may be possible to file a joint tax return. Now, there are some rules to this such as the joint return must be filed within the year of the death, and that the person who is filing cannot have remarried in that time frame. Also, there has to be an agreement from the spouse and the personal representative or executor of the estate. All monies paid to the deceased must be added to the return and even expenses can be made, such as medical expenses for the deceased.

If In Doubt, Seek Help from a Professional

Taxes are complicated things at the best of times, but when a person has recently passed away then things get a little more complicated. You probably don’t think a return is necessary since the person is no longer with us, but, unfortunately, a return still needs to be carried out. If you are the one responsible for such things, it’s important to try and get things done in a timely manner, even though it’s an emotional time. However, if you aren’t sure how to proceed or don’t understand this process then you are best speaking to a professional. They will be able to complete the return for you and get things finalized also. Check out for more information or help on the matter.

What Happens If The Deceased Didn’t Work?

tax returnIf the deceased didn’t work the year leading up to his or her death and hadn’t worked in some time then it might not be necessary to fill any final income tax return. This can at times be a grey area, so it’s necessary to talk to the authorities to clear such things up. If the deceased worked part-time or casually then they may not have to file such return but then again they might depend on how much they worked and how much they earned. If in doubt, file anyway. To find out more, check out this link.

Keep Calm and File in a Timely Manner

When someone passes away you have a lot of things that must be complete, including a tax return. Now, it’s probably not something you think about or even want to think about at this time, but it’s unfortunately necessary. However, the process doesn’t need to be too difficult if you know how to handle things. If you aren’t the personal representative or spouse then you may be able to get a court-appointed professional instead. Of course, seeking help in such matters would be wise and it’s necessary to ensure everything is in order. Filing a final income tax return for someone who’s passed away can be tough so take your time.