Trusts and Estates Tax
Our CPA firm has many years of experience providing tax planning to estates and trusts as well as their beneficiaries to help minimizing income taxes.
We provide an integrated strategy and a comprehensive plan that coordinates the actions of all relevant parties to achieve the biggest tax savings possible. Our plan will consider many options for minimizing the estate taxes including deciding what assets to distribute and to whom, whether to liquidate assets, what investments to consider and more.
In addition, we have extensive experience preparing personal and fiduciary tax returns, gift tax returns and estate tax returns.
Our knowledge staff can assist in helping you understand the income tax implications of your trust and estate planning documents; preparation of annual accountings in accordance with applicable fiduciary accounting requirements; preparation of gift, estate, and trust (simple and complex) tax returns.
Tax services include:
Preparing all tax documents for estate and trust
Estate tax returns - Form 1041
Gift tax returns - Form 709
Fiduciary tax returns Prepare income tax returns for individuals and beneficiaries
Ongoing tax planning for estate and trust
Cash flow reports and budgets
Filing quarterly deposits of estimated taxes
Payroll and payroll taxes for household employees
Account reconciliation with banks, investment brokers, etc.
Investment tracking for tax purposes and capital gains/losses
Preparing a schedule of property