Trust Returns

The Preparation of an annual trust return can be a straightforward process in some cases, as simple as the preparation of annual financial statements and the filing of an annual trust return. However, as with any tax matters, the process can become complicated quickly and the liability for the trustee can be significant.

Some common trust return issues:

• Date of filing the trust
• What type of trust is it?
• Financial Statements required
• Role of the trustee