I am always intimidated when it comes to taxes , especially since I filed late, but I felt at ease and confident in the office here.
How it all works.
Bookkeeping and tax return preparation are of utmost importance for trusts.
The trustee will need to maintain a proper accounting of how assets were distributed in case there was ever a question as to if the intentions of the trust were carried out.
If you are named as the trustee you need to act quickly to make certain the trust is functioning correctly.