Ian Bryzek, CPA
Accounts receivable of a deceased business owner
Outstanding customer invoices are assets that need an aged receivable list at death and a collection log after.
Note which invoices were later collected, written off, or disputed. Match deposits to invoice numbers.
Receivable collections can be income to the estate, heirs, or the entity depending on facts—track first, classify with review.
What to keep with the file
Receivable collections can be income to the estate, heirs, or the entity depending on facts—track first, classify with review.
What to do next
Create a receivable log from date of death through each later collection.
What to gather
- Accounts-receivable aging at or near death
- Customer invoices still open
- Collection deposits after death
- Write-off or dispute notes
- Entity versus sole-prop context
Who usually handles what
- Ian can organize the tax reporting question and the supporting records.
- The executor, trustee, or account custodian supplies records and confirms who has authority to act.
A practical next step
Create a receivable log from date of death through each later collection.
Related guides
This is general tax information, not tax or legal advice. Outcomes depend on the documents, ownership, timing, and law that apply to the particular facts.