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Abstract: 

Tax professionals and nonprofessionals, alike, are well aware of the complexities associated with the federal income tax and the estate tax laws. When taxpayers (and the tax professionals who may advise them) face tax compliance issues arising from the loss of a loved one by death, they must deal with an additional layer of complexity—the related intricacies associated with the interaction of the income tax law and the estate tax law. This article explores the income tax and estate tax issues that are commonly encountered by a decedent and his estate prior to and at death, as well as the period following death during the administration of the estate.

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Affiliations:  1: University of Virginia.