Do I need to file estate or estate income taxes for my fathers estate
My father passed away in December 2020. I am the administrator of his estate. His estate does not exceed the amount required to file estate tax. So I believe that I do not have to file and have not. As for estate income tax filing I also believe that I don't have to file. The only thing I am wondering about is if his estate savings account makes me have to file. The interest never reached $600 and is currently closed and was payed to me as his only heir ( son). It was only used to pay estate bills and receive/cash estate checks/payments. It included his personal savings balance and an annuity closing payment to the estate. Do I need to file estate income taxes due to the savings account??? And if so how do I avoid penalties and interest due to it being late ??? Thank you for your help.
