Anytime a payment is received under an EIN number, the IRS is notified by the financial institution making the payment. It is prudent and possibly required to file a final tax return for the estate to avoid problems in case you are audited. The cost of preparing the return is a priorty expense and will be paid by the estate before the creditors are paid. As a footnote, the term executrix (the female form of executor) is no longer used as being archaic and biased. Male and female executors are now referred to by the non gender specific term "executor."
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It is doubtful that this amount of money would require you to file an estate tax return unless your father had a taxable estate in 2003. If this was unreported income you may need to file an income tax return to claim the income.
Any individual seeking legal advice for their own situation should retain their own legal counsel as this response provides information that is general in nature and not specific to any person's unique situation. Circular 230 Disclaimer - Advice given in this response cannot be used to eliminate penalties with the IRS or any other governmental agency.Ask a similar question