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At Winkler CPA & Consulting, PC our tax advisors work overtime to keep up with the ever-changing tax laws of this country.

Our strategies help you to create a successful plan to reduce your taxes. When you need advice or preparation with your trust return, we will deploy our tax preparation expertise, education and years of experience to advise you. We also provide nationwide consulting services, estate and retirement planning, tax advice and succession planning.

Estate and Trust Planning

Asset transfer can attract significant taxes if not well planned. For owner-managers, this can create possible problems with family owned businesses in a variety of ways.

Winkler CPA & Consulting, PC brings a wealth of experience to the table in the areas of management succession, equity ownership, financial structuring, tax planning and estate, trust and will preparation.

Services include:

  • Educated tax advice on planning your estate – who should and should not be beneficiary
  • Sound tax advice on distributions from retirement accounts (such as IRAs) on the death of the owner
  • Fiduciary accounting for estates and trusts
  • Tax preparation of Forms 1041, 706 and 709
  • Informed income tax planning on funding of trusts
  • Charitable remainder trusts – accounting and tax preparation
  • Social security number of any new dependents in the current tax year
    Estimated payments — date of payment and amount
    Current e-mail address
    Direct Deposit:
    Bank Name
    Bank Routing transit number
    Account number
    Type of account (checking/savings)
    IRA contribution (traditional/Roth)

    Time for Taxes Planning Money Financial Accounting Taxation Businessman Tax Economy Refund Money

    W-2 Wage Statements
    1099’s – Interest from banks or self-employment income
    Alimony (if recently divorced – divorce settlement papers)
    Refunds from state departments of revenue (i.e., Arizona refund)
    Capital gain – from mutual funds
    Any pension distributions
    Rental income
    Unemployment compensation
    Social Security benefits
    Information on any sale:
    Sale price
    Date of purchase
    Date of sale
    Acquisition price
    Improvements – if on a piece of rental property
    All income is subject to taxes. The above is a list of the most common sources of income.

    Medical expenses
    Medical mileage
    Nursing home costs
    Rehabilitation costs
    State taxes paid in current tax year for prior years
    Real estate taxes
    Personal property taxes (in Arizona, that is your car license)
    Home mortgage interest
    Charitable gifts, both cash and non-cash
    Cost of prior year tax preparation and accounting paid current tax year
    Employee expenses – travel between jobs, professional dues, education, etc.
    Investment expenses, safe deposit box, investment magazines
    If you have your own business, any business expenses:
    Car expenses
    Total miles driven
    Business miles driven
    Commute miles
    Actual expenses: repairs, gasoline, service, license plate tags, etc.
    Year and make of car
    Commissions and fees
    Furniture and Equipment purchases (also need dates purchased)
    Business insurance
    Rent (paid for business space) – Did you remember to issue a Form 1099 to the landlord?
    Legal and professional services
    Office expenses: utilities, cleaning service, telephone
    Supplies: paper, pens, computer cartridges, etc.
    Meals and entertainment
    Other expenses (example: long distance telephone calls)
    Retirement contribution
    Medical Savings Plan contribution
    Rental expenses from homes or other property that you rent to someone else.
    Teaching supplies, if you are an educator
    The above list is not exhaustive. Generally, deductions are allowed if used to produce income.