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#2
02-21-2005, 08:42 AM
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 Re: Financial Records for Deceased sscandia2[at]yahoo.com wrote: - quote - > My husband's grandmother passed away almost 10 years ago.
Keep her form 706 (if there was one) and her final 1040,> At the time, I went through all of her tax records and kept > what was then viable (ie, old tax returns, property records, > etc.). I'm now wondering what I have to continue to keep of > her records (beyond her death certificate) and for how much > longer. Do I treat her records the same as I do ours? Can > anyone help me to answer this? Many thanks in advance. plus any correspondence from the IRS regarding them. Sometimes the IRS hasn't figured out that someone stopped filing because they're dead! << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-17-2005, 12:33 AM
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| Re: Financial Records for Deceased sscandia2[at]yahoo.com wrote: - quote - > My husband's grandmother passed away almost 10 years ago.
The only things I can think of are records that reflect the> At the time, I went through all of her tax records and kept > what was then viable (ie, old tax returns, property records, > etc.). I'm now wondering what I have to continue to keep of > her records (beyond her death certificate) and for how much > longer. Do I treat her records the same as I do ours? Can > anyone help me to answer this? Many thanks in advance. cost basis of assets that she may have gifted to someone before her death and anything that reflects the fair market value on the date of death of an asset that was passed to a beneficiary. The above assumes that any required tax returns were filed such that the statute of limitation clock had started. -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-16-2005, 10:57 PM
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| Re: Financial Records for Deceased <sscandia2[at]yahoo.com> wrote: - quote - > My husband's grandmother passed away almost 10 years ago.
Unless estate tax was involved, you're long past the time to> At the time, I went through all of her tax records and kept > what was then viable (ie, old tax returns, property records, > etc.). I'm now wondering what I have to continue to keep of > her records (beyond her death certificate) and for how much > longer. get rid of them. Or you could leave your children, when cleaning out your house, to wonder as I did in 2002 why my parents still had my grandmother's cancelled checks. She died in 1946. -- Phil Marti Clarksburg, MD ================================================== ========== Moderator: Watch where you say that, Phil. I have all my checks going back to 1979 when I divorced my first wife. And at least once a year I get asked if they can be tossed. Paranoid is as paranoid does. ================================================== ========== << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-15-2005, 06:28 AM
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| Financial Records for Deceased My husband's grandmother passed away almost 10 years ago. At the time, I went through all of her tax records and kept what was then viable (ie, old tax returns, property records, etc.). I'm now wondering what I have to continue to keep of her records (beyond her death certificate) and for how much longer. Do I treat her records the same as I do ours? Can anyone help me to answer this? Many thanks in advance. Rose << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| deceased, financial, records |
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