Trust and Estate Tax Preparation in Delray Beach, FL
Fiduciary Tax Expertise for Families and Trustees
With decades of fiduciary work, Accounting & Tax Services of Delray Beach helps executors and trustees file accurately, preserve value for beneficiaries, and meet deadlines with confidence.
How We Help
Our Trust and Estate Tax Preparation Services
Form 1041 for Trusts and Estates
We prepare annual fiduciary returns and beneficiary K-1s for revocable, irrevocable, charitable, and complex trusts, and for estates in administration.
Coordinated Planning With Advisors
We collaborate with attorneys and investment advisors to align distributions, expenses, and elections for the best tax outcome.
Guidance for New Executors and Trustees
We obtain EINs, explain accounting records, and set timelines so filings stay on track.
Estate Tax and State Filing Needs
We advise when Form 706 or state fiduciary returns apply and prepare them when required.
Clear Communication for Beneficiaries
We explain tax impacts in plain language so recipients understand K-1 reporting on their personal returns.
Trusts and Estates Questions
We’re Here With Answers
Does a revocable living trust file its own return?
While the grantor is alive it is usually reported on the grantor’s 1040; irrevocable trusts typically file a 1041.
What is the difference between estate tax and fiduciary income tax?
Estate tax is a transfer tax reported on Form 706, while 1041 reports income during administration.
Can you help me get an EIN for the estate?
Yes, we obtain the EIN and handle setup as part of our engagement.
The estate is small; do we still file?
We evaluate income and activity to determine filing, and advise when filing is prudent to start the statute.
Our trust has income in multiple states; do we file there?
Possibly, and we prepare any required state fiduciary returns.