The last tax return a business owner is responsible for is the estate tax return. This return is a snapshot of everything the business owner was obligated to at the date of death. All liabilities, personal property, insurance, and investments are included on this return. Properly preparing this return can help maintain a smooth succession of ownership and transfer of assets. Lindemeyer’s team of professionals can guide you through complex and shifting tax laws and assist you in coming up with a well thought out plan of disbursement of your estate that avoids complications and carries out your wishes.
A trust has similar tax reporting implications. Many people think a trust is used as a tax shelter, but it is actually used more for liability. Trusts can be a grantor, which passes through income or loss to the beneficiary. They can also be used for the following reasons:
We help you navigate all aspects of this complex estate and trust tax preparation process to assist you in getting your affairs in order.
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