Sheppard Tax Preparation
Columbus, Ohio Income Tax Preparation Service
IRS, State, & Local Income Tax Preparation
(614) 523-3106 or (877) 505-9455
SCHEDULE YOUR ESTATE TAX PREPARATION AT OUR COLUMBUS OFFICE TODAY (614) 523-3106
An estate tax return, commonly referred to as "death tax", is due to be filed 9 months after the date of death. Estate tax returns can be a complex task. We work with the executor of the estate to properly prepare estate tax returns to provide the greatest benefit to the heirs of the estate.
An extension of the time to file estate taxes can be granted, if requested prior to the estate tax filing due date. Along with the extension, any estimated taxes that will be owed should be paid along with the filing of the extension. Like an individual income tax extension, the estate tax extension allows an additional 6 months to file.
If the estate continues to earn income after the death of its owner, such as an estate with rental properties or business ownership, then it may be required to file an estate income tax return IRS form 1041. Upon distribution of the income earning assets to the heirs, a schedule K-1 will be needed to allocate the net income to the heirs to report on their personal income tax returns.
When dealing with Trusts, a tax return must be filed if it's not required to distribute all of its income to the beneficiary each year or if the gross income is greater than $600. IRS Schedule K-1 forms are required to be prepared for each of the beneficiaries of the trust, along with IRS form 1041 U.S. Income Tax Return for Estates and Trusts.
As a premier Columbus, Ohio income tax return preparation service, we can work with the executor of the estate to determine the necessity of filing an estate tax return and and individual tax return for the deceased. Additionally, your income tax preparer can review the estate for items such as trusts and tell you if there may be benefits to filing an estate tax return, even when it is not required.
Sheppard Tax Preparation
a division of Sheppard Law Offices
The Columbus, Ohio Income Tax Return Preparation office at Sheppard Law Offices, LPA is conveniently located just inside I-270 off of Cleveland Ave. Our offices provide a short drive to get your taxes done from throughout Central Ohio including counties of Franklin, Delaware, Knox, Marion, Licking, & Fairfield. We regularly serve tax clients from Columbus, Westerville, Bexley, Dublin, Sunbury, Delaware, Fredericktown, Johnstown, Centerberg, New Albany, Gahanna, Pickerington, Grandview, Upper Arlington, Clintonville, Groveport, Pickerington, Pataskala, Reynoldsburg, Groveport, Lewis Center, Worthington, Granville, the Short North, Hilliard, Plain City, Grove City, Newark, Mt. Vernon, Canal Winchester, and Lancaster.
Columbus Ohio Office
2600 Tiller Lane, Suite A
Columbus, Ohio 43231
Telephone: (614) 523-3106
Newark, Ohio Office
843 N. 21st Street, Suite 108
Newark, Ohio 43055
Telephone: (740) 345-7138
Belden Village Tower, 200
Canton, Ohio 44718
Telephone: (330) 409-2876
Mt. Vernon, Ohio Office
11 West Gambier Street
Mt. Vernon, Ohio 43050
Telephone: (740) 392-0404
Sheppard Law Offices
IRS, State, & Local Income Tax Preparation (614) 523-3106 or (877) 505-9455