When you're managing someone else's finances because they can't anymore — their tax obligations become yours to handle. We make that as straightforward as possible.
Whether you're managing your parents' finances under a power of attorney, or a court has appointed you as guardian for a family member who can no longer care for themselves — you're now responsible for things you may never have dealt with before, including making sure their taxes get filed.
We work with family members in exactly this situation every year. We'll explain what's required, handle the IRS communication directly, and make sure the filings are done correctly.
A durable power of attorney that covers financial matters gives you authority to act on someone's behalf in tax matters. A court order appointing you as guardian of the estate provides similar authority. We'll file Form 2848 with the IRS so we can communicate with them directly on your behalf.
Your authority as POA ends when the person in your care passes away. Tax responsibilities then shift to the estate's executor. We can seamlessly transition from filing returns for a living individual to handling the estate's tax obligations.