Taxation and reporting for trusts are primarily relevant to those acting as trustees, not just beneficiaries or settlors. Our firm has the necessary expertise to assist trustees with the handling, advice, and review of tax liabilities. Correct classification of the trust has a decisive impact on reporting obligations and tax liability.
This subject is among the most complex in taxation, and therefore, the accountant must be well-acquainted with the subject of trusts and handle it with expertise, foresight, and proper guidance throughout the trust's life. The tax department of Barzily CPAs has extensive experience in preparing annual reports for trustees and advising clients, some of whom benefit from and create trusts.
