Estate Form 706
Hendrick & Kellison, LLC provides services for personal representatives [PR] and successor trustees. We realize that dealing with a loved one’s death is challenging. Our goal is to make the tax reporting requirements as pain free as possible. The most common compliment we receive is: “Thank you, you made this process so smooth and easy, and you reduced my stress.” We have experience in preparing 200+ estate tax returns. In Oregon an estate tax return is required when gross assets of the decedent at death exceeded $1,000,000. Often a return is required, even when no tax is owed. If you have been appointed as a PR or are a successor trustee, we are happy to assist you in meeting your fiduciary obligations. This is a very specialized area of the tax law. Let us put our expertise to work for you.
Trust Form 1041
Trusts are a common estate and financial planning tool. Annual fiduciary returns are required to report the income and expenses of this entity. We have experience with Simple Trusts, Complex Trusts, Bypass Trusts, Non-Marital Trusts, Survivor’s Trusts, Marital Trusts, A trusts, B Trusts as well as Special Needs Trust. In addition to Form 1041, we also have experience with Charitable Remainder Trusts and Private Foundations.
Fee Structure
We charge on a flat fee based on the complexity of the decedent’s estate and trust operations. In addition to preparing the estate and trust returns, your flat fee includes:
Estates
When you become a client of our firm, we will work with you and the estate’s attorney to determine the complexity of your situation and we will provide you with a service proposal. You will know upfront what you are investing in your tax services.
Fiduciary Returns
When you become a client of our firm, we will review your past two year’s Fiduciary tax returns and provide you with a service proposal. You will know upfront what you are investing in your tax services.
Estates
- Oregon Request for Discharge from Personal Liability.
- Filing of Federal 706 to preserve Deceased Spouses Unused Exclusion [DSUE].
- Estate Fiduciary Returns.
- Obtaining EIN for the estate trusts.
- Assistance in obtaining beneficiary information.
- Coordination with estate attorney.
- Unlimited phone calls and emails.
When you become a client of our firm, we will work with you and the estate’s attorney to determine the complexity of your situation and we will provide you with a service proposal. You will know upfront what you are investing in your tax services.
Fiduciary Returns
- Form 56, Notice Concerning Fiduciary Relationship.
- Determination of required trust distributions for Simple and Charitable Trusts.
- Consultation with trustees of complex trusts about the most tax effective level of distributions.
- Response to IRS or State tax notices received during the year.
- Representation by a CPA or Enrolled Agent (EA) for tax agency audits.
- Delivery of tax return in electronic format via secure portal. Hard copy provided upon request.
- If needed, we will amend returns that have been prepared by our office.
- Unlimited phone calls and emails
When you become a client of our firm, we will review your past two year’s Fiduciary tax returns and provide you with a service proposal. You will know upfront what you are investing in your tax services.
Next Steps
We are accepting estate and trust clients. If you are interested in becoming a client of our firm, contact us.
