Services

Trust & Estate Tax Preparation

Trusts come in all shapes and sizes and we’ve seen them all. The form 1041 trust tax preparation process starts with you uploading your current year tax documents to our secure client portal. The normal documents for trust & estate preparation include current year distributions to beneficiaries, 1099s received from brokerages, K1s from investments, real estate tax receipts, etc. Once we have checked all the boxes and we are ready for processing, we send the trustee/executor a draft copy for review and an electronic 8879 form to authorize us to e-file on the trust or estate’s behalf. We highly recommend getting your trust documents to us in early February. There is a 65-day rule regarding distributions, which determines if tax is paid at the entity or beneficiary level. There can be a massive difference in the tax paid depending on the distributions.

In the estate form 706 return filing process, we work very closely with your estate attorney. Some of this work starts years earlier surrounding planning, gifting assets, setting up trusts, etc. We file all annual form 709 gift tax returns when required. When it comes time to file Form 706, we start with the probate inventory, obtain necessary appraisals and work through the fun stuff. We pay careful attention to issues surrounding tax-deferred accounts and the interplay with your form 1041. When the estate and GST taxes are final, we’ll work with you to distribute the assets according to the legal documents. The form 1041 process for estates is very similar to the trust process described above.

Services

Trust & Estate Tax Preparation

Trusts come in all shapes and sizes and we’ve seen them all. The form 1041 trust tax preparation process starts with you uploading your current year tax documents to our secure client portal. The normal documents for trust & estate preparation include current year distributions to beneficiaries, 1099s received from brokerages, K1s from investments, real estate tax receipts, etc. Once we have checked all the boxes and we are ready for processing, we send the trustee/executor a draft copy for review and an electronic 8879 form to authorize us to e-file on the trust or estate’s behalf. We highly recommend getting your trust documents to us in early February. There is a 65-day rule regarding distributions, which determines if tax is paid at the entity or beneficiary level. There can be a massive difference in the tax paid depending on the distributions.

In the estate form 706 return filing process, we work very closely with your estate attorney. Some of this work starts years earlier surrounding planning, gifting assets, setting up trusts, etc. We file all annual form 709 gift tax returns when required. When it comes time to file Form 706, we start with the probate inventory, obtain necessary appraisals and work through the fun stuff. We pay careful attention to issues surrounding tax-deferred accounts and the interplay with your form 1041. When the estate and GST taxes are final, we’ll work with you to distribute the assets according to the legal documents. The form 1041 process for estates is very similar to the trust process described above.

"Dave continuously exceeds our expectations on level of knowledge, professionalism, and responsiveness. As a startup we have limited resources to tackle, what seems like unlimited tasks, Dave has been instrumental being a team member to help take us to the next level. Without question, I’d recommend Dave to anyone within my network; overall he’s a great guy and pleasure to work with."

Michael True

Co-founder & CEO, VYBN, Inc.

"I’ve been working with David to serve our mutual clients for several years now. As a corporate, securities, and tax attorney, it’s critical that my clients have skilled, diligent, and personable tax advisors and CPAs, not only skilled and knowledgeable with tax matters, but also business matters. David has consistently provided practical, cutting edge advice regarding both general and complex tax and business matters. He is a pleasure to work with and I highly recommend him and his team for your professional tax services."

Mike McGovern

Partner - Corporate, Securities & Tax , Reiter, Brunel & Dunn, PLLC

"David is an experienced professional who has consistently gone above and beyond to meet our needs. Being a startup, it’s hard to find business service providers that are can move fast and be flexibly. David is there when we need him and always delivers. He has been a pleasure to work with and we highly recommend him to meet your accounting and tax prep needs."

Haydn Collard

Director of Compliance, Grey, Inc.

Contact Us

(512) 829-8002

508 W 12th Street
Austin, TX 78701

River Place Satellite Office
10815 Ranch Rd. 2222
Bldg. 3B Ste.100
Austin, TX 78730

Monday - Friday: 10am-5pm