David M. Kaufmann, CPA

Over 60% of our clients are estates, trusts, or beneficiaries receiving K-1s, making the closing out of income tax for these entities our signature service. We prepare estate and trust income tax returns whenever gross income reaches $600 or more, but we also determine when those returns are truly unnecessary. Our work involves reviewing trusts and wills to see if capital gains should be taxed at lower rates for beneficiaries or higher rates for the estate. We utilize date of death basis adjustments to minimize gains on asset sales and help trustees request that brokerage firms compute the necessary values. Beyond standard filings, we assist with setting up proper recordkeeping systems, timing distributions to heirs, and determining the best year-end dates for tax due dates. We prepare K-1 forms along with mailing envelopes to send directly to beneficiaries and help personal representatives close out trusts efficiently. Individual income tax returns are part of our practice as well, ensuring that final returns for deceased individuals are filed when required. Other CPAs call us dozens of times a year to resolve difficult tax issues, which speaks to the depth of our expertise. Located in Fruita, we serve clients across Colorado and anyone with an Internet connection. We offer the same advice and assistance that we would want if we were in your shoes, providing clarity for complex estate planning and straightforward individual compliance.