Services
Tax Services for Individuals, Businesses, Estates and Trusts
Administering an estate or trust typically requires multiple tax filings. Our firm focuses on the preparation and compliance requirements that fiduciaries must address.
Final Individual Income Tax Returns
Preparation of final income tax returns for decedents and prior year returns when necessary. Preparation of the final Form 1040 and state personal tax returns often requires allocation or apportionment of income, and reporting Income in Respect of a Decedent (IRD) to be reported on an estate Form 1041
Fiduciary Income Tax Returns (Form 1041)
Preparation of annual income tax returns for estates and trusts, including:
- Income allocation between estate/trust and beneficiaries
- K-1 reporting
- Estimated tax guidance
- Multi-state filing issues
Estate Tax Returns (Form 706)
Preparation of federal estate tax returns, including:
- Asset valuation coordination
- Deduction analysis
- Portability elections
- Generation-skipping transfer tax considerations
Business Tax Returns
Preparation of Current and Prior Year Business Tax Returns, including:
- Partnership tax returns Form 1065
- Corporate tax returns Forms 1120 and 1120S
International Tax Compliance
Non-resident withholding issues, and other Foreign Investment in Real Property Tax Act (FIRPA) withholding issues, including preparation of:
- Foreign bank reports Form Fin Cen 114 (FBARs)
- FATCA Form 8938
- Offshore trusts Forms 3520 & 3520A
- Non-resident alien tax reporting Form 1040-NR, Forms 1042 and 1042-S
IRS Representation
- For IRS Examinations
- IRS Specialty Collection Insolvency (SCI) function
- Preparation of many years prior delinquent tax returns including IRS voluntary disclosures and Streamlined Filing Compliance Procedures (SFCP) to cure prior-year offshore non-filing and compliance problems
- Preparation of IRS Form 56 Notice Concerning Fiduciary Relationship, IRS Form 2848 Power of Attorney and Declaration of Representation
- Obtaining IRS Account Transcripts, Wage & Income Transcripts and Record of Account Transcripts to confirm filing compliance history, unreported income and identification of all income sources
Fiduciary Tax Guidance
Practical guidance for personal representatives and trustees regarding tax compliance obligations
Collaboration with Estate Attorneys
We frequently work with estate attorneys and other advisors to support the tax aspects of estate administration
Our Locations
Serving Clients Nationwide
We are authorized to prepare federal and state tax returns and represent clients for before the IRS and state administrative tax matters throughout the United States and U.S. Territories via inter-state CPA mobility except in Hawaii and Guam. If you are serving as a personal representative or trustee….
If you are serving as a personal representative or trustee and need assistance with tax filings, we welcome the opportunity to speak with you.
Maryland Office
4800 Hamden Lane, Suite200
Bethesda, Maryland
Florida Office
360 Central Avenue, 8th Floor,
Saint Petersburg, Florida
If you are serving as a personal representative or trustee and need assistance with tax filings, we welcome the opportunity to speak with you.
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