Services
Estates, trusts and final returns
After a death, or once a trust starts earning and paying out, the tax filings change. I prepare the final returns and the estate's and trust's returns, and I work alongside the estate attorney.
What I prepare
After a death
- The final personal return (Form 1040) for the year of death
- A joint final return with a surviving spouse
- Any earlier years that were never filed
- The estate's income tax return (Form 1041) while the estate is open, with K-1s for the beneficiaries
- Coordination with the estate attorney on any estate tax filing
Trusts and trustees
- Trust income tax returns (Form 1041), simple and complex, with K-1s for the beneficiaries
- Tax support for trustees: the records to keep, the tax side of distributions and the statements beneficiaries need
- Estimated tax payments for a trust or an estate, when they're due
- The EIN for a new trust or estate
Working with the estate attorney
Wills, trusts and probate are legal work, and your estate attorney handles them. I handle the tax side, working with the attorney and the personal representative or trustee so the returns match the estate's records.
Florida has no estate tax and no inheritance tax. A federal estate tax return (Form 706) is needed only for larger estates, or to pass a spouse's unused exemption to the survivor. When one is needed, I coordinate it with the estate attorney.
What it costs
- Trust or estate return (Form 1041): from $300 for a simple trust, and from $400 for a complex trust or an estate. Each beneficiary's K-1 after the first adds $50.
- Final personal return: the individual return fee, plus $50 for a deceased taxpayer or surviving spouse return.
- Estate tax coordination and trustee support: Ask for a quote.
Every add-on is listed
Questions? Let's talk it through.
The first conversation is free, with no pressure. Book a time that suits you, or just call.