Answer the following statements true (T) or false (F)
1. When someone dies, it becomes the responsibility of the personal representative to file all necessary tax forms and pay any taxes required by the IRS.
2. Paralegals do not assist with post-mortem estate planning.
3. All IRS forms may be found online at the IRS’s government website.
4. The form, “Notice Concerning Fiduciary Relationship” is not required by the IRS but does save time because the IRS will send any notices to the personal representative.
5. Estates, being a taxable entity, must also have Employer Identification Number.
1. True
2. False
3. True
4. True
5. True
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What will be an ideal response?
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