Everyday people are facing a tast that may be the first aquaintance they have had with this important part of ife, that of closing the books on a loved one's estate for the last time.  Most of the time people accept the responsibility as the executor for an estate when asked by a friend or relative, without giving it much thought. Few understand what is expected of them or the possible risks they may face as an executor.  Here are some suggestions which may assist you as you face this task. Please be reminded that we are not in the position of offering tax advise but some suggestions that should assist you as you work with your tax professional.  If you find yourself in the position of an executor, our first suggestion would be to put together a plan of keeping track of estate income and expenses and the expenses you incure in settleing the estate, some or all of these will assist in filing the taxes when do.