As per tax rules and regulations, Estate and trusts are legal entities defined by the assets they hold. These assets produce income. The entities are subject to tax on that income. This is referred to as fiduciary income taxation. Our services include preparing and filing decedent’s final income tax return, income tax returns of estate and trusts including fraudulent trusts.

We apply taxation rules pertaining to any deductions and credits, income in respect of a decedent (IRD), an income of estates and trusts including distributable deductions, distributable net income (DNI) as well as beneficiary’s taxable income. We expertly address taxation rules as applicable to various types ranging from revocable/irrevocable trusts to complex trusts.