Fiduciary Income Tax

Fiduciary income taxation pertains to the income taxation of the assets in a decedent’s probate estate or those assets held in trust; as distinct from the estate tax which is assessed as of the time of death. On some occasions, the fiduciary income tax reporting requirements will be for a limited period, and filings are only required during the probate or a short-term trust administration; in other cases, the duty is ongoing, because a trust is being administered for a longer period of time. Whatever the situation, our team works closely together so that there is a seamless transition of information between the attorney and paralegal ushering through the estate tax clearance process and the attorney preparing the fiduciary income tax returns. The comprehensive nature of our Firm’s related practice areas ensures efficiency and attention to detail that pass value onto our clients.