Contents
Important Changes ............................
2
Important Reminders .........................
2
Introduction ........................................
2
Personal Representatives .................
2
Duties ..............................................
3
Fees Received by Personal
Representatives .......................
3
Final Return for Decedent .................
4
Filing Requirements ........................
4
Income To Include ..........................
4
Exemptions and Deductions ...........
5
Credits, Other Taxes, and
Payments .................................
6
Name, Address, and Signature ......
7
When and Where To File ...............
7
Tax Forgiveness for Deaths Due to
Military or Terroristic Actions ...
7
Filing Reminders .............................
8
Other Tax Information .......................
8
Tax Benefits for Survivors ..............
8
Income in Respect of the Decedent
8
Deductions in Respect of the
Decedent ..................................
11
Estate Tax Deduction .....................
11
Gifts, Insurance, and Inheritances ..
11
Other Items of Income ....................
13
Income Tax Return of an
EstateForm 1041 .......................
14
Filing Requirements ........................
14
Income To Include ..........................
15
Exemption and Deductions .............
16
Credits, Tax, and Payments ...........
18
Name, Address, and Signature ......
18
When and Where To File ...............
18
Distributions to Beneficiaries From
an Estate ......................................
18
Income That Must Be Distributed
Currently ..................................
19
Other Amounts Distributed .............
19
Discharge of a Legal Obligation .....
19
Character of Distributions ...............
19
How and When To Report ..............
20
Special Rules for Distributions .......
20
Termination of Estate .....................
21
Form 706 .............................................
22
Comprehensive Example ..................
22
Final Return for Decedent ..............
23
Income Tax Return of an
EstateForm 1041 ...................
23
How To Get More Information ..........
24
Checklist of Forms and Due Dates ..
38
Worksheet To Reconcile Amounts
Reported .......................................
39
Index ....................................................
40
Department
of the
Treasury
Internal
Revenue
Service
Publication 559
Cat. No. 15107U
Survivors,
Executors, and
Administrators
For use in preparing
1999 Returns