http://whiterivergroup.org/
770 Beachway Drive, #102, Indianapolis, IN 4622
(317)397-4712
James Wiley, CPA
00.14 accumulating assets or values for future use for beneficiaries
00.38 assets come into existence because of a will
01.00 trust is a different entity
01.15 should have it's own tax id number
01.30 open a separate checking or savings account for the trust
02.33 the trust does need a tax return at the end of each year
04.06 if audited the tax returns with the irs will be a good legal document
04.35 each beneficiary should receive a k1 form, let's each beneficiary know what the taxable distributions for the year will be
James launched his own startup CPA practice in mid-2011. His CPA practice draws on his 20+ years of corporate experience in all areas of accounting & financial reporting, business information systems, audit, regulatory compliance, & forensic accounting to offer client engagements in:
Traditional Tax & Bookkeeping Services
CFO & Controllership Services
Business-to-Business Consulting & Advisory
Trust, Estate, & Gift Tax Planning
Forensic Accounting & Litigation Support
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