Income in Respect of a Decedent

IRD: Income in Respect of a Decedent
Income in Respect of a Decedent (IRD) refers to income that was owed to a deceased person but not received before their death. This income is typically subject to both estate and income taxes.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.