Information for tax year 2015 is now available. Unemployment compensation is taxable income and must be reported each year even if you have repaid some or all of the benefits received. You should use the same PIN that you used to certify or inquire on your unemployment claim to access your IRS Form 1099-G for UI Payments.
Actions taken by an executor during the probate of an estate are usually monitored by the court, so the opportunity for any actual wrongdoing by an executor who is also a beneficiary is limited. If your estate is small and all your beneficiaries are next-of-kin, the choice of an executor may not be as critical.dvantages. Executors are commonly compensated for their services. Someone who stands to inherit under the terms of your will may be more inclined to waive payment for acting as executor. Since the estate pays the fee, it is probably going to be deducted from his bequest to some extent anyway.
Executor (or Executrix) Personally Liable for Taxes. One of the duties of an executor is to pay any debts the deceased left behind out of the assets the deceased left behind. These debts can include unpaid federal tax liabilities. If the taxes are not paid, in some cases the executor can be personally liable for them. A recent article in JD Supra, titled T & E Litigation Newsletter - September 2014 #1, tells the story of a federal tax case involving an executrix who was held personally liable for the deceased's tax liabilities.