Services
Living Trust Tax Return
ISTAXPro handles living trust tax returns with care, ensuring accuracy for your family's peace of mind.
ABOUT THE SERVICE
Protect your assets while we take care of the tax details – simplified trust tax returns!
At ISTAXPro, we specialize in managing the complexities of living trust tax returns, providing you with expert support to ensure compliance and accuracy every step of the way. Our team takes care of the details, from navigating IRS requirements to properly documenting trust income and expenses. This service is ideal for those looking to safeguard their assets while keeping tax obligations under control. We understand the sensitive nature of trust management, and our thorough approach offers peace of mind that your information is being handled with the utmost professionalism.
Trusted Expertise
At ISTAXPro, our experienced professionals more than 20 years years of knowledge to ensure your business success.
Customer Satisfaction
Our commitment to customer satisfaction means you’ll receive responsive support and proactive communication all year long!
Transparent Communication
Our commitment to transparent communication means you can ask questions and receive clear answers consistently.
Affordable
Quality tax & accounting solutions at affordable prices. Maximize your savings while keeping your taxes & bookkeeping under control with our expert team.
3 SIMPLE STEPS PROCESS
Secure Your Accounting Services in 3 Simple Steps!
In just three steps, we’ll set you up with the perfect accounting service to manage your business smoothly.
1
Schedule an Appointment
Contact us and schedule an in-person or virtual appointment for a quick overview of what we can do for you.
2
Upload Your Documentation
Securely upload your documents, and we’ll take care of the rest.
3
Schedule Your Payment
With our updated secured client portal you can view your documents 24/7 and pay your billing directly from your secured portal.
Frequently Asked Questions
Everything You Need to Know About Our Services!
Have questions about our bookkeeping or tax services? Our FAQs provide helpful insights to guide you every step of the way.
How do you guarantee client information confidentiality?
We use secure systems, encrypted communication, and internal protocols. Your information is protected under IRS and industry standards.
Do you serve bilingual clients (English/Spanish)?
Yes. This gives clarity and confidence to the Latino business community.
How flexible are your accounting service packages?
Very flexible—from basic services for entrepreneurs to comprehensive solutions for corporations with payroll.
Do you work with clients remotely or only in person?
Both. We serve clients in our Burbank, CA office and also work securely online with clients anywhere
What is the onboarding process for new clients?
We begin with a consultation, organize your documents, and set up your bookkeeping. Then, we provide regular follow-ups to keep everything up to date.
How much do ISTAXPro’s services cost?
It depends on your entity and level of support. We offer plans tailored to each stage of your business.
What happens if I miss a tax deadline?
The IRS charges penalties and interest. Filing on time, even without full payment, reduces penalties.
How long should I keep tax records?
At least 3 years, ideally 7. For property and equipment, keep records as long as you own them.
Do all businesses need to make estimated tax payments?
Yes, if you expect to owe more than $1,000 (individuals) or $500 (corporations). Making payments avoids penalties and improves cash management.
Do I really need an accountant if I use accounting software?
Yes. Software organizes data, but an accountant interprets, plans, and ensures compliance. This prevents costly mistakes and gives you tailored strategies.
Can I deduct expenses without receipts?
No. You need receipts, invoices, or bank statements. Without them, you could lose deductions and face penalties in an audit.
How often should I review my financial statements?
Monthly. This helps you spot issues early, control your money, and make better decisions.
What is a living trust and how is it taxed?
It’s a revocable trust created during life to manage assets. While the grantor is alive, it’s reported on Form 1040; after death, it becomes irrevocable and files Form 1041, easing asset transfer.
Do trusts and estates need an EIN?
Yes. Irrevocable trusts and estates require one; revocable trusts use the grantor’s SSN while alive, but need their own EIN after death.
How is trust or estate income taxed?
It can be taxed at the trust level or passed through to beneficiaries via K-1, distributing the tax burden fairly.
GET IN TOUCH
Your Perfect Accounting Solution Starts Here—Request a quote today!
