Unique Expertise, Normally Found Only in Much Larger CPA Firms
Outside of the large national and regional firms, most CPA firms do only a handful of trust and estate tax returns every year. Experience is vital in trusts and estates because errors made in preparing estate and trust tax returns can last for generations. Ask the important question of your CPA, “how many trust and estate tax returns do you prepare every year?” If it is a few, seek other support. Our firm prepares hundreds of trust and estate tax returns every year.
Expertise at Reasonable Fees
As a mid-sized CPA firm, we have a reasonable fee structure. Estates and trusts are an area that is core to our roots. Our managing partner, Greg Dowell, helped run the trust and estate tax preparation and compliance practice at the historic Chicago law firm of Wilson & McIlvaine. We continue to expand our focus on this work today, and hone our skills, from hosting in-house seminars to placing staff members on the Northwest Suburban Estate Planning Council.
Working with Your Advisors
Professional teamwork is important. Executors, beneficiaries, attorneys, and investment advisors look to us for fiduciary income tax and estate tax planning and preparation and we work in collaboration with them. Trusts and estates often involve complex tax issues and there simply is not substitute for experience. Our experience will help guide you through the difficult task of calculating and reporting trust income to beneficiaries. We will work with you to interpret and understand the income and estate tax consequences at death.
Our services to trusts and estates include the following:
- Paying bills
- Checking account reconciliations
- Preparation of financial statements and reports
- Analyzing financial objectives
- Reviewing investment policy and performance
- Oversight of investment team
Fiduciary Income Taxes
- Tax planning
- Minimizing taxes
- Achieving objectives
- Tax preparation and compliance
- Planning for estate taxes
- Preparation of estate and gift tax returns