Matters
- Modification of Irrevocable Trust Agreements to achieve the intended tax purposes of the trust.
- Preparation of irrevocable trust agreements to account for modifications to transfer tax legislation (estate, gift and generation-skipping transfer tax).
- Routinely represents corporations transitioning to S Corporation status with respect to guidance on Internal Revenue Service rules regarding permissible shareholders of an S Corporation, including inter vivos revocable trusts and irrevocable testamentary trusts.
- Engaged by clients to prepare federal estate tax returns (IRS Form 706), federal gift tax returns (IRS Form 709), fiduciary income tax returns (IRS Form 1041), private foundation annual reporting returns, (IRS Form 990-PF), and charitable trust income tax returns (IRS Form 5227).
- Assists fiduciaries with the transition of qualified retirement plans (IRAs and 401(k)s) to beneficiaries in conformity with Internal Revenue Service rules and U.S. Treasury regulations, including providing written instructions to corporate entities with respect to trustee-to-trustee transfers and inherited IRA transfers.
