Trusts - Year End "Stuff"

Disclaimer and Warning - From Bob Parrish CPA, P.C.

Remember........"You can have everything in  life you want, if you just help enough other people get what they want."  -Zig Ziglar.

Email: bmsarasota@comcast.net  941-387-0926; 432-367-3465 email, USA Mail, Fax, telephone or request a meeting

Trusts - Year End Work

Learning Objectives

Learn what to do at the end of the year

Learn how to use the forms and gather information for year-end processing and preparing information for you professional adviser.

1041 Organizer

Generic Trial Balance - Excel Spreadsheet

Fund Worksheet

Mutual funds buying and selling

Mutual Fd Shares - Working With The Selling Agent

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What to gather - preparing for your CPA, your attorney, or preparing to start the job on your own

Entrance Interview

1041 Organizer

If the trust or estate was closed, please furnish details about the final distributions

Furnish copies of 1099 forms

Furnish copies of all broker/dealer statements

For any security sold during the year furnish information to either compute the basis or the basis of the shares sold.  You can use a copy of the Mutual Fund Worksheet.  You are strongly urged to look at the tax impacts of mutual fund trades and what you must tell your broker by reading Mutual funds buying and selling AND Mutual Fd Shares - Working With The Selling Agent

Exit Interview

From Banking Records

Furnish bank statements and canceled checks

From Customer Records

From Signed Documents

Anything pertinent that might impact the tax return

From Your Other Business, or Financial Records

From Corporation or Organization Records (meetings, etc.)

If there are any changes to the trust agreements, please furnish updated documents

 

 

I shall always strive to accomplish your goals, and to keep your planning in balance.  You will find no other adviser or groups of advisers that has your potential and your security more in focus than I. 

Call Me

Simply to Help —Helping You To Keep More Of What You Earn, and Helping You To Protect What You Keep

 - Help To Keep Your Life In Balance

Very truly yours,

by

                                               

       Bob Parrish CPA Engagement Manager