An Executor May Be Able to File More Than One

question 18

Multiple Choice

An executor may be able to file more than one tax return for the deceased

• A)when the first return was not filed on time.
• B)when a business was sold just prior to death.
• C)if the estate received a life insurance policy.
• D)when rights or things are still owed to the deceased at death.

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Definitions:

Assignment

The conveyance of entitlements, properties, or liabilities from one party to a different one.

Delegation

The act of assigning responsibility or authority from one person to another.

Donee Beneficiary

A third party who benefits from a contract made between two other parties, specifically where the intent is to gift a benefit or rights under the contract to the third party.

Promisee

The person to whom a promise is made or a commitment is given.