A fiduciary is a person or institution given the power to act on behalf of another in situations that require great trust, honesty and loyalty. Fiduciaries include accountants, attorneys, bankers, business advisors, financial advisors, mortgage brokers and real estate agents.
Structuring trusts and foundations for comprehensive wealth transfer planningAssisting individual trustees and executors with fulfilling their roles and responsibilitiesAssisting tax-exempt entities with compliance
Fiduciary tax planning involves handling tax matters for trusts, estates, and other fiduciary entities, ensuring compliance and tax efficiency.
Individuals or entities acting as trustees, executors, or guardians typically require fiduciary tax services.
Fiduciaries are responsible for filing appropriate tax returns, managing tax payments, and maintaining accurate records for the entity they represent.
Fiduciary taxation involves different tax rates, deductions, and filing requirements specific to trusts and estates.
Fiduciary taxation involves different tax rates, deductions, and filing requirements specific to trusts and estates.
Yes, fiduciaries can be held personally liable for errors or omissions in tax matters under their management.
Our firm offers expert fiduciary tax planning services to ensure compliance and optimize tax efficiency for trusts, estates, and other fiduciary entities.
Non-compliance can result in penalties, interest charges, and legal issues for the fiduciary.
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