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Video: What Is a Fiduciary Income Tax Return?
Have you been appointed as trustee of a trust or the administrator of an estate? If so, you may be interested to hear about the tax returns you are responsible for filing. Watch this video to find out more about fiduciary income tax returns. Read more…

Video: Guide to a Fiduciary Income Tax Return
Just like your obligation to pay income taxes and file a return, trusts and estates must do so as well. Watch this video to find out more about fiduciary income tax returns. Read more…

Video: Is Inheritance Money Counted as Income by the IRS?
Have you inherited a large sum of money from a deceased loved one? That inheritance may be taxable. Watch this video to learn more. Read more…

Spread the Wealth, Carefully, with Tax-Free Gifts
Thinking about making a charitable donation, or want to bestow your generosity on a loved one? The first thing you have to do is understand the tax implications. Not every charity is created equal when it comes to donations. Some may not qualify to have gifts count as tax write-offs, and some others may not be fulfilling their mission. It's up to you to do the checking to know if your check is getting to the right place for the right purposes. Read more…

What is a Schedule K-1 Form 1041: Estates and Trusts?
An estate or trust can generate income that must be reported on Form 1041, United States Income Tax Return for Estates and Trusts. However, if trust and estate beneficiaries are entitled to receive the income, the beneficiaries must pay the income tax rather than the trust or estate. At the end of the year, all income distributions made to beneficiaries must be reported on a Schedule K-1. Read more…

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