Professional Tax Accountants

Trust Tax Returns

A trust is an entity that establishes a fiduciary relationship where one party, the trustor, gives another party, the trustee, the right to hold assets for the benefit of a third party, the beneficiary. Trusts are formed for various purposes, typically to protect the assets of a living or deceased person.

Do I have to file taxes on my trust?

There are simple and complex trust funds, and each is taxed differently. Trust funds are typically taxed at much higher rates than individuals. Tax deductions are made on the income that the beneficiary receives, so the beneficiary pays taxes on the income (not the trust).

Understanding all the filing and payments due for a trust fund can be confusing for any one individual. Trust funds are complicated entities and should be handled with the help of an accounting professional. If you are wondering how to set up a trust fund or how to pay trust tax returns, Paramount Tax can help.

Professional Tax Accountants

Trusts are typically established to protect assets, and improper tax filing could lead to loss of income. The tax accountants of Paramount Tax work closely with CPAs in order to provide accurate, professional filing. We work hard to find all possible deductions and credits so that you can preserve every penny. As the leading tax accountants, we can both prepare your taxes and help you plan for next year. To learn more about trust tax filing, contact us today.

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Trust Tax Filing awards

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Testimonials Awards

I had a great experience with Paramount. They are professional, knowledgeable, and friendly. They answered all my questions and explained everything clearly. I highly recommend them to anyone who needs tax help. They are the best tax accountants in town!
— Sergei, Posted September 22nd 2023 on google
I like them going to enjoy doing business with them 👍
— errol nelson, Posted September 21st 2023 on google
I’ll never do taxes without these guys again!!
— Kelsey Boyce, Posted September 21st 2023 on google
Paramount is great!
— Matt Boyce, Posted September 21st 2023 on google
Jeffrey is personable, professional, & informative. He asked clarifying questions and recommended a CPA that could help file the trust return I'll need since mom's death.
— Diana Gonzalez, Posted September 18th 2023 on google
Very impressed with this group. Dave is incredibly knowledgeable and helped me develop personalized tax strategies. I’ll be a long time client for sure! Thank guys, you’re awesome!
— Daniel Westenskow, Posted September 13th 2023 on google
Jeff & Doug has helped with our taxes past 2.5 years and they are very knowledgeable and always help us better understand our situations and answers all of our questions. Highly recommend them for anyone.
— Paul Kim (khjpaul), Posted September 10th 2023 on google
I loved meeting with Lexi because they always know how to put my anxieties at ease, my questions get answered quickly and even better, they love talking about my business finances!
— Liz B, Posted August 31st 2023 on google
Paramount has been incredible to work with. Very thorough and responsive and always acting in our best interest. Would highly recommend!
— Matthew Bauer, Posted August 23rd 2023 on google
Jensen was phenomenal! Her knowledge in taxes exceptional. Readily answered all questions, listened intently, guided me through the complex tax issues I am facing. Treated me with understanding and respect. I went into her office carrying a huge emotional burden and ignorance on how to navigate my tax complexities. She...
— Sharon Naegle, Posted August 21st 2023 on google
We love you guys! They are quick and super helpful and efficient!!
— Lisa Cozzens, Posted April 12th 2023 on google
I reached out to Jeffrey for a Spanish speaking client of mine. Jeffrey was patient, knowledgeable, and professional. My client will be reaching back out to Jeffrey closer to the tax season.
— Elizabeth Gutaj, Posted August 16th 2023 on google
Lexi and Jeff are great.
— Nathan Smith, Posted July 21st 2023 on google
Jeff and his team provide great tax advice and I especially like the forward tax planning and strategy sessions to minimize our taxes.
— David Christine Nilsson, Posted July 13th 2023 on google
Just had a free consultation with Jeffrey and I was impressed with the virtual meeting we did. He was very knowledgeable and had a lot of experience with S-Corps, small business, and real estate tax.
— Chace, Posted December 10th 2021 on google
I was very impressed with Josh. He knows the tax laws and he was great at explaining everything in a way that was easy to understand. Five stars, for sure.
— David Dalby, Posted July 10th 2023 on google
So happy we found this place. We’ve worked with Jeff, Doug & Lexi & they are wonderful. They helped us with business and personal tax returns, giving very helpful inputs & guidance. Highly recommend!
— Jeanette Tua, Posted June 29th 2023 on google
These guys are great!
— Matt Russell, Posted June 27th 2023 on google
Jeff and his team are the best of the best!
— Steve Hale, Posted June 12th 2023 on google
I have known David and Ron for 5 years, both professionally and personally, they are trustworthy, loyal, extremely competent in whatever they do. I highly recommend them for anybody looking for a great CPA and tax professional.
— Louis Marcel, Posted June 8th 2023 on google

Paramount Experience

Many people do not know how a professional tax and accounting firm differs from a bookkeeper or tax preparer. The main difference when working with a professional tax and accounting firm, such as Paramount Tax, is that our firm utilizes the services of CPAs, EAs, and Attorneys who are distinguished from other finance professionals by stringent qualification and licensing requirements. Paramount has worked hard to create relationships to deliver the value that our clients expect. In fact, our goal is to be the No. 1 Trust Tax Filing firm in America. So when you ask yourself, "Where can I find Trust Tax Filing services near me?"... think no further than Paramount Tax!

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Upgrade to Tax & Accounting Firm

Whether you are filing personal taxes or you own a business, if you are not already using a professional tax and accounting firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accounting firm utilizes licensed professionals such as Certified Public Accountants (CPAs), EAs and Attorneys, who can not only advise individuals on personal financial matters but who are qualified to advise businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial topics. Our strict standards ensure that we understand the complicated tax laws and how to implement strategies that return the most benefits to individuals and businesses. Give Paramount Tax a call or visit our tax and accounting firm for a free consultation.

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