Case 3: Estate Planning Saves Family Thousands in Tax Payments
Situation:
A client was referred to Covenant Consulting Group by their attorney because multiple years of tax returns had not been filed by a deceased taxpayer, including estate, business and personal returns.
Services:
The team at Covenant Consulting Group worked with family to compile multiple years of historical data. Using this data, the team prepared all current and past due returns in a timely manner. Covenant Consulting Group also worked with taxing authorities to abate penalties and interest on past due returns.
Results:
Post mortem tax planning provided by Covenant Consulting Group saved the client over $100,000 in taxes.
Work with taxing authorities saved the family numerous penalties and significant interest on past due returns. Covenant Consulting Group continues to work with the referring attorney and the family to accomplish estate planning objectives and distribute the assets of the estate.