Estate Tax Returns

LET US TAKE CARE OF YOUR ESTATE TAX RETURNS

ESTATE TAX RETURN SERVICES

WHAT ARE ESTATE TAX RETURNS?

If you have recently inherited assets or property, it is important to consider estate tax returns. By using Keystone Tax Preparation's estate tax return service, we can help you navigate the complex tax laws and ensure that your estate is accurately reported.


Estate tax returns are a federal tax on the transfer of property after someone passes away and can be confusing and time-consuming without proper guidance. Our experienced team can help ease the burden and ensure that you are in compliance with all regulations. Call today and trust Keystone Tax Preparation for all of your tax preparation needs.

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THE IMPORTANCE OF FILING TAXES ON YOUR ESTATE

The personal representative of an estate (executor or administrator) is responsible for filing several tax returns on behalf of the estate. If the tax returns are not filed and the taxes are not paid, the Internal Revenue Service and the state the decedent was a resident of can place a lien on all property included in the gross estate for up to ten years after the date of death. The beneficiaries of the estate's assets are ultimately responsible for the tax liabilities of the deceased taxpayer and their estate. The personal representative may also be personally liable for the taxes if the assets are distributed to beneficiaries or to creditors with a lower priority before the estate's taxes are paid.

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TAXES REQUIRED FOR YOUR ESTATE

Some of the tax returns that may be required are:

 

A Pennsylvania inheritance tax return is based on the value of what the decedent owned on the date of death, less specific expenses. The rate of tax depends on the relationship to the decedent.


Any unfiled (past or current) individual federal and state income tax returns and unpaid tax on the unfiled returns of the decedent.

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AVOID FRUSTRATION AND FINANCIAL WOES WITH OUR HELP!

Avoid the frustration and financial woes of tax season by trusting Keystone Tax Preparation. Our experts specialize in tax preparation and estate tax returns, taking the burden off your shoulders and ensuring accuracy. Let us help you navigate the complex tax system while saving you time and money. With our assistance, you'll be able to file your taxes with ease and avoid costly mistakes. Don't let tax season stress you out; call Keystone Tax Preparation today for peace of mind and financial security.

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YEAR-ROUND ASSISTANCE WITH YOUR TAXES

At Keystone Tax Preparation, we are committed to providing our clients with year-round assistance for all of their tax needs. Whether it's tax preparation for individuals or businesses or estate tax returns, our team of experts is here to help you navigate the complex tax world. We stay up-to-date with the latest tax laws and regulations in order to provide you with accurate and timely advice for all your tax-related questions. Trust us to be your partner throughout the year, not just during tax season. Contact us today to learn more about our services.

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PERSONALIZED TAX SUPPORT

At Keystone Tax Preparation, we believe in offering personalized tax support to all of our clients. We understand that each client has unique tax needs and circumstances, which is why we take the time to get to know our clients on an individual level. Our team of experienced tax professionals works closely with each client to ensure that they receive the best possible tax preparation and estate tax return services. Whether you need help with your personal taxes or your business taxes, we are here to provide you with the personalized support that you deserve. Contact us today to schedule a consultation.


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DON'T WAIT, LET US START YOUR TAXES TODAY!

With 50 years of experience and a huge clientele, we have garnered the respect of everyone we have worked with and had the pleasure of helping with all their tax needs. We here at Keystone Tax Preparation have become known as the go-to tax preparers for all of Feasterville-Trevose, Pennsylvania. So don't hesitate; contact us today, and we can begin your consultation!

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MEL CHERRY E.A.

ABOUT OUR TEAM

We are an accounting firm that specializes in the preparation of estate tax returns for executors and administrators of estates. We have assisted executors and administrators of estates for more than fifty years. We provide a full range of tax preparation and accounting services using the latest computer technology for a reasonable fee.


We are a group of tax accountants, enrolled to practice before the Internal Revenue and licensed to practice in Pennsylvania, with over fifty years of experience in the preparation of the Pennsylvania inheritance tax return and individual and estate federal and state income tax returns.

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FRANK CORSO C.P.A.

WHY CHOOSE US FOR YOUR ESTATE TAX RETURNS?

At Keystone Tax Preparation, we understand how important it is to navigate estate tax returns carefully. That's why we specialize in this area, so you can trust us to handle your estate tax returns with the utmost care and accuracy. With our experienced team and expertise, we can assist you in navigating the complexities involved in filing estate tax returns and ensure that you get the most favorable outcome. Trust us to handle your estate tax returns, and we'll make the process as smooth as possible. Estate tax returns are our specialty; let us help you today.

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FREQUENTLY ASKED QUESTIONS

  • Are there any important links for us to use for tax-related questions?

    INTERNAL REVENUE SERVICE

    www.irs.gov


    PENNSYLVANIA DEPARTMENT OF REVENUE

    https://www.revenue.pa.gov/Pages/default.aspx


    SOCIAL SECURITY ADMINISTRATION

    https://www.ssa.gov

  • When are estate taxes usually due?

    Federal and state estate income tax returns (Form 1041) are due by the 15th of the fourth month after the end of the fiscal year or calendar year (option made on the first return).


    Federal and state individual tax returns (Form 1040) are due by April 15th of the following year.

  • Are there any other filing requirements?

    There is one other requirement needed for filing. You need to obtain an employer identification number (EIN from the Internal Revenue Service to open a bank account).

  • What is the best way to get in touch?

    You can contact us through our phone at 215-355-1700, email at mcherrypa@verizon.net, or by using our contact form on our site!

ESTATE TAX RETURNS

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