If you have been appointed executor or administrator of an estate, most likely you will need advice or guidance from a CPA or tax professional on administration issues like:
Filing final tax returns due for the decedent and the estate.
Resolve the amount of estate taxes or inheritance taxes that are owed.
Handling any tax issues related to the sale of real estate, investments personal property or business interests owned by the estate.
Supervise any charitable bequests provided for in the decedent’s will.
As an executor or estate administrator you take on a fiduciary responsibility for the estate. If there is an error in the estate’s accounting, distributions, or tax filings, the executor or administrator is personally liable for the debt, shortfall, or fines. You must make sure you it gets done correctly.