STATE & LOCAL TAXES
State and local taxes are often overlooked and forgotten about until the taxpayer receives a notice of deficiency from the state or local tax agency. Each state and locality has its own tax laws and regulations and it is up to the taxpayer to know and comply with the laws and regulations in the state they reside or hold business in. If you own a business, worked or lived in several states, operate an Airbnb, you should be seeking a tax professional with an understanding of each state’s laws and regulations to help make sure you are compliant. Spend your time doing what you do best and leave the compliance piece to us.
HOW WE WORK
WHEN TO FILE ESTATE OR TRUST TAXES
One of the biggest questions we help clients face lay in determining when to file taxes for their estate or trust. If you have questions about where your income threshold lie, get in touch with us today about your specific state and how we can help you manage your estate without hassle.
MANAGING POST-MORTEM ESTATE TAXES
If you have a relative pass and inherit their estate, you might suddenly find yourself responsible for owing the federal government a substantial portion of this estate. When managing estate taxes, it is important to understand how to liquidate assets to pay these taxes and what you can do to reduce or eliminate these taxes. Let us help you manage your current estate before this occurs or manage an estate you have inherited.
NAVIGATING TAX LAW
The laws of taxes around the inheritance of estates and trusts can vary greatly depending on the state, the type of inheritance, and your relationship to the designator. No matter what your inheritance, let us be your guide in determining the best filing process and ensuring your inheritance is not improperly taxed.