Sheppard Tax Preparation

Columbus, Ohio Income Tax Preparation Service

IRS, State, & Local Income Tax Preparation

(614) 523-3106 or  (877) 505-9455

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Estate & Trust Tax Preparation

SCHEDULE YOUR ESTATE TAX PREPARATION  AT OUR COLUMBUS OFFICE TODAY (614) 523-3106

 

Filing Estate Income Tax Returns

 

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.

 

Estate Tax Extension

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.

 

Income Earning Estates

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.

 

Filing Trust 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

Akron-Canton Office

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

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Sheppard Law Offices

IRS, State, & Local Income Tax Preparation (614) 523-3106 or (877) 505-9455

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