ExpertHard1 markMultiple Choice
CPA · Question 36 · Area IV: Individual Taxation
Taxpayer B, a single individual, died on January 15, Year 1. The executor of B's estate elects a fiscal year ending October 31. When is the final individual income tax return (Form 1040) for B due (assuming no extension)?
Taxpayer B, a single individual, died on January 15, Year 1. The executor of B's estate elects a fiscal year ending October 31. When is the final individual income tax return (Form 1040) for B due (assuming no extension)?
Answer options:
A.
October 31, Year 1
B.
April 15, Year 2
C.
February 15, Year 2
D.
January 15, Year 2
How to approach this question
The final 1040 is due when it would have been due if the taxpayer lived (April 15 of the following year).
Full Answer
B.April 15, Year 2✓ Correct
B
The final individual income tax return for a decedent is due on the regular due date for that year, which is April 15 of the following year. The estate's fiscal year choice affects Form 1041 (Estate Income Tax), not the decedent's final Form 1040.
Common mistakes
Confusing the Estate's return (Form 1041) with the Decedent's final return (Form 1040).
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