Developing a strategy to preserve wealth and pass it onto to the next generations requires thoughtful advice and guidance from a tax and accounting perspective.
We prepare estate and fiduciary tax returns in 50 states. For complex trusts, we also prepare tax returns of any investment or business entities owned by your trust.
Trusts can be designed as separate taxpayers, transparent entities, or a combination of both. The selection the best options is a key factor in realizing your financial goals.
Many trusts are taxpayers and require specialized planning for tax optimization so that you will avoid their steep tax brackets.
U.S. International Tax
If your trust owns foreign financial assets, foreign businesses or foreign investment vehicles there is special reporting that we will prepare.
Charitable lead and remainder trusts have a combination of tax and non-tax advantages They can allow you retain use or ownership of your money while benefiting others.
Tax Controversy Resolution
For domestic and U.S. international tax problems, we will analyze the issues, give our opinion, and represent you before the IRS.
U.S. beneficiaries of foreign trusts must comply with a set of tax reporting requirements that have onerous penalties for non-compliance. We’ll make you are 100% compliant.
Our team is skilled in preparing your trust’s internal accounting according to the fiduciary accounting rules.
Specialized knowledge of trust and estate accounting and taxation is not common. At Beacon CPA we are well versed in the rules and sophisticated planning techniques that apply to families seeking inter-generational wealth transfer. A sound plan, which is properly maintained, can preserve your wealth and minimize taxes significantly. This typically includes the use of a variety of trust vehicles.
We are honored to represent successful domestic and global families with U.S. trust and estate structuring, accounting and tax filings. Our team can help you achieve your goals by leveraging a precise understanding of the rules, creatively anticipating your needs, coordinating with your other advisors, and meticulously carrying out your plan.