For Personal Fiduciaries

You didn't ask for this role. We'll help you carry it

If you're managing taxes for a parent, spouse, or family member as a power of attorney, guardian, conservator, executor, or trustee, we'll handle the filings and explain exactly what's required: in plain language, not jargon.

Filing on behalf of someone in your care
Durable power of attorney
Court-appointed guardian
Federal & state returns

Managing someone else's taxes when they can no longer manage them

If you hold a power of attorney or have been appointed as guardian, you may be responsible for filing tax returns, federal and state, on behalf of the person in your care. We handle the tax side so you can focus on everything else.

What this involves

A durable power of attorney that covers financial matters, or a court order appointing you as guardian, gives you authority to act on someone's behalf in tax matters. We file their annual returns, respond to IRS and state notices, and file Form 2848 so we can communicate with the IRS directly on your behalf. Unlike conservators, POA holders and guardians typically don't have formal court accounting requirements, but the tax filing obligation, including state returns, is very real.

Court-appointed conservator
Federal & state tax filing for the ward
Conservatorship accounting
Court reporting coordination

Court-supervised financial management, including the tax and accounting obligations

As a conservator, you're responsible for managing another person's financial estate under court supervision. That includes tax filings, federal and state, and often a formal conservatorship accounting for the court as well.

What makes conservatorships different

Unlike a POA, a conservatorship is court-supervised with periodic reporting obligations, including a formal accounting of all assets, income, and disbursements. We prepare both the ward's tax return and the conservatorship accounting, coordinated so nothing falls through the cracks.

Final 1040 - deceased taxpayer
Estate income tax (Form 1041)
Federal estate tax (Form 706)
DSUE & portability election

When someone passes, the tax obligations don't

Death triggers a cluster of tax filing requirements: for the decedent, for the estate, and potentially for estate and gift tax. We handle all of them together, coordinated around your probate timeline.

What typically needs to be filed

Most estates involve several returns that each serve a different purpose. The final 1040 covers the decedent's income up to the date of death. The estate's Form 1041 covers income earned after death. Form 706 is the estate tax return. With a $15 million exemption in 2026, many estates won't owe tax, but it's still worth filing to preserve the portability election (DSUE) for a surviving spouse. Form 709 covers gifts made in the year of death. We look at the full picture and make sure nothing is missed.

A note on who has authority: In most estates the executor named in the will files everything. When there's no will, a court-appointed administrator fills that role. In contested or time-sensitive situations, a court may appoint a special administrator, someone with limited authority to preserve assets or handle a specific task while the full appointment is pending. If you've been appointed in any capacity, we can work with whatever authority you hold and advise on the scope of your filing obligations.

📜

Estate Administration Tax Compliance

The full sequence from date of death through closing: EIN, transcripts, accounting, filings, and prompt assessment.

Learn more
📉

Insolvent Estates

More bills than assets? Federal taxes generally come first, and paying out of order can make the executor personally liable.

Learn more
📃

Form 56: Notice of Fiduciary Relationship

How the IRS learns you are the executor or trustee. File it early so notices come to you, and again when you finish.

Learn more
💼

Executor & Trustee Fees

A fee is taxable income; an inheritance is not. Whether a family executor should take one, and why to decide early.

Learn more
💵

Income in Respect of a Decedent

Some income earned before death is not on the final return. It shows up later, with no step-up. If estate tax was paid, there is a deduction most people miss.

Learn more
🏦

Inherited IRAs & the 10-Year Rule

Most inherited IRAs must be emptied within 10 years, some with yearly withdrawals. What changes when a trust or the estate inherits.

Learn more
📋

Final 1040 - Deceased Taxpayer

The decedent's last individual return: income from January 1 through the date of death.

Learn more
🏛️

Estate Income Tax (Form 1041)

The estate's income tax return: covers income earned after death, with K-1s for each beneficiary.

Learn more
🏦

Federal Estate Tax (Form 706)

Required for larger estates, and worth filing for the DSUE portability election even when no tax is owed.

Learn more
🗺

State Estate & Inheritance Taxes

No federal estate tax does not mean no estate tax. Twelve states and DC start far below $15 million, some at $1 million.

Learn more
📜

Form 8971 - Basis Reporting

After filing a 706, the IRS requires you to report asset values to each beneficiary, and those values lock in their basis.

Learn more
🔗

DSUE & Portability Election

Preserving the deceased spouse's unused exemption, a nine-month deadline that can't be missed.

Learn more
💍

QTIP & the Marital Deduction

A trust that provides for the surviving spouse and protects the final heirs, if the executor makes the election on Form 706.

Learn more
📝

Disclaimer Planning

Refusing an inheritance so it passes to the next in line, without a gift. How families use it within the 9-month window.

Learn more
📉

Alternate Valuation Date

If values dropped after death, you may be able to use a later date for estate tax. It can save tax, but it also changes what heirs pay when they sell.

Learn more
🏦

Section 6166 Installment Payments

If the estate includes a family business, you may be able to spread the estate tax over up to 14 years instead of paying it all at once.

Learn more
🎁

Gift Tax Return (Form 709)

Gifts made in the year of death require a final 709, coordinated with the estate tax return.

Learn more
📁

Probate Tax Support

Prior year unfiled returns, amended filings, and IRS notices that surface during estate administration.

Learn more
📊

Fiduciary Accounting (UPIA)

When distributions are unequal or complex, a formal accounting tracks every beneficiary's share correctly.

Learn more
🔑

EIN Applications

The estate needs its own tax ID number before you can open a bank account or file returns. We handle the application.

Learn more
🔗

Section 645 Election

If there's both a trust and an estate, this election combines them into one tax filing, simpler and often cheaper.

Learn more
⚖

Section 642(g) Election

Estate expenses can be deducted on the estate tax return or the income tax return, not both. Choosing the right one.

Learn more
📅

Fiscal Year Election

The estate can pick its own year-end. The right choice can defer taxes for beneficiaries by up to 11 months.

Learn more
💰

Estimated Tax Payments

Trusts and estates may need to make quarterly payments. Estates get a two-year exemption; trusts do not.

Learn more
Ongoing trust income tax (Form 1041)
K-1s for trust beneficiaries
Grantor trust reporting
UPIA accounting for complex distributions

Trust tax compliance, whether the grantor is living or gone

Trusts can exist entirely independent of a death event, and their ongoing tax obligations are often misunderstood by the trustees responsible for them. We handle trust income tax returns and the accounting that goes with them.

Trusts have their own tax obligations

An irrevocable, special needs, or charitable trust is its own taxpaying entity. It needs its own EIN, its own annual Form 1041, and K-1s for any beneficiaries who received distributions. If the trust has multiple beneficiaries with different interests, a UPIA accounting ensures every distribution is properly allocated between income and principal.

🏛️

Trust Income Tax (Form 1041)

Annual income tax return for the trust, with K-1s for each beneficiary who received a distribution.

Learn more
📊

Fiduciary Accounting (UPIA)

Principal and income accounting, especially important when income and remainder beneficiaries have different interests.

Learn more
🔒

Grantor Trust Returns

If the trust is a revocable living trust, income is reported on the grantor's 1040. We handle the coordination.

Learn more
💜

Special Needs Trust Returns

Trust tax filing for a loved one with a disability, with benefits preservation in mind.

Learn more
🛡️

ILIT Returns

If the family has an irrevocable life insurance trust, it has its own annual return. We handle the filing and Crummey compliance.

Learn more
🔄

GRATs

Serving as trustee of a grantor retained annuity trust: annuity payments, investment management, and what happens when the term ends.

Learn more
🏡

QPRTs

Serving as trustee of a qualified personal residence trust: maintaining the home, insurance, and the post-term transition.

Learn more
⏭

GST Tax

If your trust has grandchildren as beneficiaries, distributions to them can trigger a 40% tax. Find out if the trust is exempt before distributing.

Learn more
🏘

Passive Activity for Trusts

If the trust owns rental property, the losses may be stuck. The passive activity rules treat trusts more strictly than individuals.

Learn more
🌐

Multi-State Trust Taxation

If the trust has connections to more than one state, it may owe taxes in each. We sort out the filings and credits.

Learn more
🌎

Foreign Trust Reporting

An overseas trust or a foreign inheritance in the estate means Form 3520 reporting, with penalties starting at $10,000.

Learn more
🎁

Charitable Deductions

The trust can make charitable contributions, but only if the trust document authorizes it and the money comes from income, not principal.

Learn more
🏁

Trust Termination

When it's time to close out a trust: the final tax return, distributing assets, and deductions that pass to beneficiaries.

Learn more
📦

In-Kind Distributions

Distributing property instead of cash. The tax rules are different, and the decision to sell first or distribute can save significant money.

Learn more
📅

The 65-Day Rule

A window to make early-year distributions that count for the prior year's taxes, saving the trust from paying at the top rate.

Learn more
📊

Net Investment Income Tax (NIIT)

Trusts pay a 3.8% surtax on investment income starting at ~$16,000. Individuals do not pay until $200K. Distributions can eliminate it.

Learn more
📑

TAI vs. DNI

Trust accounting income determines what gets distributed. Distributable net income determines how much is taxable. They almost never match.

Learn more
💼

QBI Deduction (Section 199A)

If the trust owns a business or partnership interest, there may be a 20% deduction available. Whether the trust or beneficiaries claim it depends on distributions.

Learn more
📬

Beneficiary 1040 with K-1s

We can prepare beneficiary returns alongside the trust return to keep everything coordinated.

Learn more
Principal & income accounting
Court-ready format
Beneficiary reporting
Conservatorship accounts

A clear record of every dollar in and every dollar out

Whether a court requires it or beneficiaries are asking questions, a formal fiduciary accounting shows exactly where the money went. We prepare accountings under the Uniform Principal and Income Act that hold up to scrutiny.

When you need a formal accounting

Conservators typically file an accounting with the court each year. Trustees may need one when beneficiaries request it, when distributions are unequal, or when the trust is terminating. Estate executors may need one for probate. In each case, the accounting must properly classify every transaction as income or principal and show the effect on each beneficiary's interest.

Reach out and we'll figure it out together

Get In Touch