Mistake Number Nine: Failure To Meet The Income, Inheritance, and Estate Tax Deadlines
The ninth mistake is failing to promptley file Pennsylvania inheritance tax and federal estate tax return and the Pennsylvania and federal income tax returns for the deceased and for the estate. It is important to file these in a certian amount of time and to have them prepared by a professional. A professional knows the things to avoid and the documentation that is needed. Giving all the information that is needed may save you from getting audited and could even create tax savings. So, it’s important to know the documentation thats needed and when things are due.