Trust & Estate Tax Preparation (Form 1041) 

Professional guidance for your fiduciary duties. 

Acting as a trustee is a significant responsibility. We provide the technical expertise to ensure the trust remains compliant with IRS and state regulations, protecting both the grantor’s legacy and the trustee from personal liability.

  • Accurate Form 1041 Filing: We report all trust income, including interest, dividends, and capital gains.
  • Schedule K-1 Generation: We calculate the exact "Distributable Net Income" (DNI) to ensure beneficiaries receive accurate tax documents.
  • Simple vs. Complex Trusts: Expert handling of mandatory vs. discretionary income distributions.
  • Fiduciary Accounting: We bridge the gap between your bank statements and tax-deductible administrative expenses.

Strategic Tax Compliance for Irrevocable Trusts 

Preserving your family’s wealth across generations 

Professional guidance for your fiduciary duties. Acting as a trustee is a significant responsibility. We provide the technical expertise to ensure the trust remains compliant with IRS and state regulations, protecting both the grantor’s legacy and the trustee from personal liability.

  • Accurate Form 1041 Filing: We report all trust income, including interest, dividends, and capital gains.
  • Schedule K-1 Generation: We calculate the exact "Distributable Net Income" (DNI) to ensure beneficiaries receive accurate tax documents.
  • Simple vs. Complex Trusts: Expert handling of mandatory vs. discretionary income distributions.
  • Fiduciary Accounting: We bridge the gap between your bank statements and tax-deductible administrative expenses.
Professional guidance for your fiduciary dutiesActing as a trustee is a significant responsibility We provide the technical expertise to ensure the tr

Post-Death Trust & Estate Administration 

Honoring a legacy with precise tax reporting. When a revocable living trust becomes irrevocable upon the grantor's death, the tax requirements change instantly. We help families navigate this transition, from obtaining a new EIN to filing the final estate income tax returns.

  • Decedent’s Final Return: Coordinating the individual 1040 with the trust’s 1041 for a seamless transition.
  • Administrative Deductions: Maximizing write-offs for legal, appraisal, and accounting fees.
  • Basis Adjustment (Step-up): Ensuring capital gains are calculated correctly based on the date-of-death value.
  • Final Distribution Support: Ensuring the "final year" return is handled correctly so beneficiaries can close the estate. [Start the Estate Process]
Honoring a legacy with precise tax reporting show a family in mourning and the young decendents inheriting the wealth-1

Trust & Estate Tax Preparation (Form 1041)

Professional guidance for your fiduciary duties

Estimated from $1449 (depending on scope of work)
  • Accurate Form 1041 Filing: We report all trust income, including interest, dividends, and capital gains.
  • Schedule K-1 Generation: We calculate the exact "Distributable Net Income" (DNI) to ensure beneficiaries receive accurate tax documents.

Trust & Estate Tax Preparation (Form 1041)

Preserving your family’s wealth across generations.

Estimated from $2449 (depending on scope of work)
  • Asset Protection Oversight: Ensuring your filings support the legal integrity of the trust.
  • Tax Bracket Management: Strategies to balance retained income vs. distributions to lower the overall tax burden.

Why Choose Us?

Accuracy & Precision:

Ensuring accuracy and compliance. With extensive knowledge of tax laws and regulations, I meticulously prepare returns to minimize errors and avoid penalties. My attention to detail and commitment to staying updated with the latest tax codes guarantee that your business remains compliant with all legal requirement

Customized Solutions:

Personalized service tailored to your business needs. Understanding that each business is unique, I take the time to learn about your specific financial situation and goals. This allows me to provide customized tax strategies that maximize deductions and credits, ultimately reducing your tax liability. 

Time-Saving Efficiency:

Trusted advisor dedicated to your financial success. We prioritize building long-term relationships with my clients, offering ongoing support and advice beyond just tax season. My goal is to help your business thrive by providing valuable insights and guidance on financial planning and tax optimization. 

Frequently asked questions

What services does your accounting firm offer?

At Osheens Taxes, we specialize in preparing individual tax returns with precision and care. Our experienced accountants ensure that you receive all the deductions and credits you are eligible for, maximizing your refund potential. We stay updated with the latest tax laws and regulations, offering you peace of mind knowing your taxes are in expert hands. Whether you're a first-time filer or have complex tax situations, we tailor our services to meet your needs. Let us handle the complexities of tax season so you can focus on what matters most

How does your business tax accounting help save money?

Osheens Taxes provides comprehensive business tax return services for all types of entities, including corporations, LLCs, self-employed individuals, and sole proprietorships. Our team is adept at navigating the intricacies of business taxes, ensuring compliance and optimizing tax positions. We work closely with you to understand your business's unique financial landscape and tailor our approach accordingly. From identifying deductible expenses to managing tax liabilities, we empower your business with strategic tax planning. Trust us to simplify the tax process, allowing you to focus on growing your business.

Do you provide customized solutions for different businesses for Bookkeeping?

Our monthly bookkeeping services offer a seamless, subscription-based solution for managing your financial records. Osheens Taxes handles everything from tracking income and expenses to reconciling bank statements, ensuring your books are accurate and up-to-date. With our meticulous attention to detail, you can make informed financial decisions that drive your business forward. We provide regular reports and insights, giving you a clear picture of your financial health. Partner with us for reliable bookkeeping services that enhance your business's efficiency and profitability

Can you track your tax refund after it has be e-filed?

Where's My Refund provides a personalized date after the return is processed and a refund is approved. While most tax refunds are issued within 21 days, some may take longer if the return requires additional review.

What sets your accounting firm apart from others in the industry?

Osheens Taxes is a dedicated accounting firm committed to providing comprehensive tax solutions tailored to meet the diverse needs of our clients. We specialize in individual tax returns and handle business tax returns across various types, including corporate, Limited Liability Company (LLC), self-employed individuals, and sole proprietorships. Our expert team ensures that your tax filings are accurate and compliant with current regulations. Beyond tax services, we offer flexible bookkeeping options on a month-to-month basis, resembling a convenient subscription service. Our personalized approach and attention to detail make us the trusted partner for managing your financial tasks. At Osheens Taxes, we take pride in delivering exceptional service that helps our clients achieve financial peace of mind.