Services
This practice is limited to providing high quality, personal services to trustees, executors, administrators and individuals needing assistance with income tax preparation, accountings, and probate filings.
I provide paralegal services to attorneys needing assistance in trust and estate administration.
I will thoroughly and conscientiously study your personal situation, and tailor my services and advice to your specific needs.
Trust and Probate Accountings
Special expertise and knowledge are required to prepare accurate and timely trust and estate accountings in accord with the Virginia Uniform Trust Code and Uniform Principal and Income Act. I utilize specialized professional software (GEMS-Gillette Estate Management System) to efficiently produce court-ready accountings for filing.
I am available to assist executors and administrators with all facets of estate administration, i.e. qualifications, inventory, accountings, assets transfers, distribution schedules, allocations, and trust funding.
Estate, Trust & Gift Tax Preparation
Estates are subject to both federal estate and gift tax, as well as income tax. Estate and gift tax rules are complex and I am ready to assist you in determining the best tax approach for your particular situation. I have the ability and expertise to prepare federal estate tax returns (Form 706), gift tax returns (Form 709) and estate and trust income tax returns (Form 1041).
Tax Preparation & Planning
Effective tax preparation and planning can help you to minimize your future tax liability. I can help you proactively manage your personal tax issues. My clients (some of whom have been with me for 20 years) appreciate that I am continually updating myself on the latest federal, state and local tax legislation and other developments. As life’s milestones are approached, whether it is the birth of a child, marital status change, or estate or retirement planning, I can assist with tax planning and projections.
IRS Representation
An IRS notice is always anxiety producing. An IRS audit can be an intimidating and complex process. If you receive an IRS notice or audit, as an enrolled agent, I can bring years of experience in dealing with tax matters and IRS procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.
Retirement Planning
Retirement planning is critical in these uncertain times and constantly changing tax laws. I can work with your investment advisors to prepare multiple projections to portray the tax implications of your choices in terms of retirement plans, timing, and investment choices. It is important to look at your individual situation from a tax standpoint. As you approach retirement years, deferring income may not be the right choice, if you are one of the lucky ones who will actually be in a higher tax bracket due to your required minimum distributions from your retirement plans.