Below are some of our most frequently asked questions from clients. If you do not see an answer to your question listed here, please go to our Contact Us page and e-mail your question to us and we will get an answer to you.
At Magellan Tax, we take a pro-active approach to tax planning, believing that you should review and plan for your tax return during the prior calendar year. We generally like to meet any time after you’ve had last year’s tax return prepared, but prior to the end of this year, so that we can make adjustments for this tax year if necessary.
Yes. Generally the executor/trustee will file the decedent’s final income tax return. In addition, larger estates – those in excess of $3.5 Million – may also be required to file Form 706.
Magellan Tax offers a free of charge initial consultation to review your tax situation. After that meeting, we provide a quote for your personal tax preparation. We offer specific and personalized tax planning for each client's case, so our rate can differ based on the volume of your case.
Our relationship with you begins with a simple review of your current tax return and a discussion of any changes or other variances that might alter last year’s tax situation significantly. Tax planning becomes comprehensive planning when coordinated with your attorney and financial planner. Consultations with Leonard F. Bittner, J.D. and J. Kevin Meaders, J.D. CFP, can be included in your quote upon request.