Navigating Personal Tax Matters with Clarity & Care
Receive expert guidance in navigating personal tax matters — from income taxes and minister-specific filings to estate and gift tax returns.
Income Tax Returns
Schmidt & Associates prepares simple and complex Individual Income Tax Returns and can prepare returns required by states other than California. We are available to guide you in gathering the necessary information to prepare your returns and plan for the next tax year. We do not audit the data which you submit to us, however, we may ask for clarification.
Taxation of Ministers
Ministers fall under a unique area of the tax law. We can explain to you how it works and guide you in gathering the information needed to properly prepare your Income Tax Returns. We can also assist you in calculating adequate estimated tax payments or tax withholding.
Federal Estate Tax Returns
Schmidt & Associates prepares Form 706 Federal Estate (and Generation-Skipping Transfer) Tax Returns. These returns are due nine months after the death of the decedent. We can assist you with establishing whether or not a Form 706 is required or if it is advantageous to file a Form 706 to make use of the DSUE or Deceased Spousal Unused Exclusion. We are available to guide you in gathering the necessary documents by furnishing you with a check list of records needed.
Federal Gift Tax Returns
Schmidt & Associates prepares Form 709 Annual Gift Tax Returns which report to the IRS gifts made by taxpayer and/or their spouses which exceed the annual exclusion amount. These tax returns are due the same date as an Individual Income Tax Return.