Jay P. Trudell, CPA
Jay P. Trudell offers professional support with trust tax filing, gift tax filing, and estate tax filing across Canada and the USA. From individual filers to executors and trustees, Jay P. Trudell offers clear guidance, timely filings, and peace of mind.
Navigating trust, gift, and estate tax obligations can be complex, especially when dealing with cross-border matters between Canada and the USA. I provide clear guidance and accurate tax filing services to trustees, executors, and individuals managing these responsibilities. Whether it’s preparing trust tax returns, handling gift tax reporting, or finalizing estate tax filings, I focus on compliance and timely submission. My goal is to simplify these processes, ensure all necessary disclosures are met, and help you avoid penalties. With practical advice and thorough support, you can manage trust, gift, and estate taxes with confidence.
Accurate, compliant filings for domestic and cross-border trusts.
Trust tax filing is required when a trust earns income or holds assets that trigger reporting obligations. In Canada, this means filing a T3 return, and in the U.S., Form 1041. Whether the trust is for personal, family, or estate planning purposes, I assist trustees with accurate and compliant trust tax filing. This includes navigating new disclosure rules in Canada and cross-border trust considerations for U.S. taxpayers. Filing late or incomplete returns can result in penalties. I help ensure trust tax filing is done correctly and submitted on time.
Support for final returns, estate income, and cross-border estate reporting.
When someone passes away, their tax affairs must be finalized through proper estate tax filing.In Canada, this includes the T1 Terminal Return and possibly the T3 for estate income. In the U.S., estate income is reported via Form 1041, and estate tax itself may require Form 706. I assist executors with the entire estate tax filing process, including any clearance certificates, elective returns, or foreign property disclosures. For cross-border estates, coordination between jurisdictions is key. With proper estate tax filing, estate administration is smoother, and penalties are avoided.
I offer support for all types of trust, gift, and estate tax filing. If you're unsure about what needs to be filed—or how to report cross-border obligations—I can help. Reach out for straightforward guidance backed by years of hands-on experience.
Get in TouchGift tax filing is required when gifts exceed certain limits, especially for U.S. taxpayers. While Canada does not impose a gift tax, some gifts may still result in capital gains or income attribution. In the U.S., IRS Form 709 is used for gift tax filing, particularly for gifts over the annual exclusion limit or those involving non-citizen spouses. I help clients understand their obligations, track lifetime exemptions, and complete cross-border gift tax filing correctly. Reporting gifts is not always straightforward, but with proper guidance, it's manageable and compliant.
Subscribe for regular updates and insights on trust, gift, and estate tax filing. Straightforward, relevant advice—delivered to your inbox.
Subscribe nowJay P. Trudell, CPA, is an accountant who serves clients across Canada and the USA.