Tax

Epstein Schneider, PLC

Tax Services

Tax SERVICES

⮞ Tax SERVICES

Business Entity Selection

We’ll Help You Determine The Right Form Of Business Entity

Choosing the form of entity for your business e.g. “S” corporation, sole proprietor, limited liability company is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.

Tax SERVICES

⮞ Tax SERVICES

Tax Planning and Preparation

Business decisions can result in unanticipated tax consequences. When you turn to Epstein Schneider, PLC for guidance, we will draw on our 30 plus years of tax planning experience and offer advice on what choices make the most financial sense for you.


Epstein Schneider, PLC is consultative in nature, and it is all about tax efficiency, tax arbitrage, or in general about balancing tax planning and other strategies to help achieve long term financial goals; aligning tax and business strategies to drive results; balancing tax savings with your business goals.

Services

We have experience in a variety of different areas, including but not limited to:

  • Strategic Tax Planning

    At Epstein Schneider, PLC our trusted accountants carefully anticipate how your business can be impacted by tax laws. You cannot let tax savings be the sole driver of business decisions, nor can you let business decisions be made without considering tax consequences. They need to be considered together.


    Let’s look at an oversimplified, hypothetical example. If you are trying to sell your business, tax savings strategies could come at a huge price tag when factoring in a multiple on your business valuation. A $20,000 deduction that is perhaps aggressive in nature, may save you in the neighborhood of $6,000 in taxes each year over 3 years for a total of $18,000, but on a 3-year historical average and a 3-5x multiple, could cost you $60,000-$100,000 on the sale of your business.


    Epstein Schneider, PLC accounts will look not only at your potential tax savings, but your holistic business goals and plans to advise you on the best way forward.

  • Alternative Minimum Tax Planning

    Epstein Schneider, PLC offers alternative minimum tax planning to prepare the needed paperwork to determine if you owe Alternative Minimum Tax.

  • Multi-State Tax Planning

    Our experienced accountants can deal with taxes across multiple states. We’ll find ways to minimize overall taxes while making sure your business is in compliance with Federal and State Tax laws.

  • Multiple Entity Experience

    Whether you are a single member LLC, S or C Corporation we will utilize tax strategies across all of your entities and locations that will have the largest impact to your overall bottom line. If you are wondering what entity is right for you, we offer business entity selection.


    Epstein Schneider, PLC offers a variety of tax planning services to both businesses and individuals. Tax planning throughout the year can save you money and make tax season easier. Call us 480-483-3024 and request a free consultation to learn more.

Tax SERVICES

⮞ Tax SERVICES

Estate and Trust Tax Preparation

Navigating taxes on trusts and estates can often be a difficult task and tax experts are needed to help you understand the different taxation issues that can arise. Epstein Schneider, PLC works closely with attorneys, and investment advisors so that we are able to develop trust tax plans and estate tax plans that meet the individual needs of every client. Epstein Schneider, PLC will use our 30 plus years of experience working with trust and estate taxes to provide you with the best service possible.

Types Of Trusts

All trusts fall under two categories, revocable & irrevocable trusts. These trusts are treated differently by the IRS and have different taxations. Epstein Schneider, PLC accountants will help you discern the differences in your trusts and guide you in the taxation processes for each type.

  • Revocable Trusts

    Revocable trusts, also known as Grantor trusts, pay no income taxes. When assets inside the trust earn income, the earned income flows back to you. These trusts are private and are mainly setup to avoid probate proceedings. Revocable trusts provide you with asset protection to loved ones after your death but do not provide asset protection during your lifetime. Revocable trusts are set up during a person’s lifetime and can be changed while the grantor is still alive. Upon the grantor’s death the trust becomes an irrevocable trust and is subject to taxation.

  • Irrevocable Trusts

    When you setup an irrevocable trust you must be aware of the fact there will be income taxes to pay. Irrevocable trusts require a new tax identification number when it is established and requires the trustee to report the trusts income on a separate income tax return. Many times, irrevocable trusts have no taxable income and even if an irrevocable trust does have income, since the tax rates are quite high, trustees often opt to distribute income to the beneficiaries of the trust. In this way the trust itself will pay no income tax but the recipient of that income must show it on their individual tax return where it will be taxed at their personal income tax rate.

Services

Our experienced accountants are here to help you with all of your trust and estate tax needs.

  • The services we provide include but are not limited to:

    • Living trust
    • Death trust
    • Trust for minors
    • Medicaid trust
    • Special needs trust
    • Spousal trust
    • Charitable trust
    • Asset protection trust
    • Crummey trust
    • Gift tax returns and strategies
    • Business succession planning
    • Trust administration
    • Trust income tax returns
    • Estate Tax returns
    • Ensure your assets are allocated to beneficiaries
    • Review of your trust tax situation

Estate Tax

Arizona is one of 38 states with no estate taxes. If you live in one of the other 12 states requiring estate tax this is a tax placed on a person’s assets after death. Federal estate tax generally applies to people with assets over $11.5 million and estate tax rates range from 18-to-40 percent. Our trained accountants have the experience you need to help you work through any issues with your trust and estate tax situation.

Tax SERVICES

⮞ Tax SERVICES

Tax Resolution

Epstein Schneider, PLC is here to help you resolve your tax problems. With our extensive experience dealing with the IRS and many state and local taxing authorities, we have achieved a level of competence that can ensure our clients are being properly represented before the various tax agencies and allowing them to rest easily knowing that we will work diligently on their behalf to satisfactorily resolves any tax dispute.


Below you will see our list of comprehensive services. We pride ourselves on being efficient, reliable and discrete. Tax problems will not disappear on their own; they keep stacking up with penalties and interest adding on each day.

Services

Our experienced accountants are here to help you with all of your tax resolution needs.

  • The services we provide are as follows:

    • Stop Wage Garnishments
    • Facilitate Offer in Compromise
    • Set-up Installment Agreements
    • Internal Revenue Service Penalty Abatement
    • Innocent Spouse Relief
    • State and Local Tax (SALT) Lien and Levy Releases
    • Federal Tax Lien Release
    • Federal Tax Levy Release
    • Currently Non-Collectible
    • Back Tax Filing
    • Estate & Trust Tax
    • Sales Tax
    • Tax Examination Risk Analysis
    • Documentation Preparation
    • Tax Return Disclosures
    • Information Reporting and Tax Withholding Requirements
    • Official Requests for Information
    • Appeal Process, Mediation and Arbitration
    • Penalty and interest Mitigation

Epstein Schneider, PLC offers a variety of tax resolution services to both businesses and individuals. Call us at 480-483-3024 to learn more.

Get IN TOUCH

⮞ Get IN TOUCH

How can we help you?

Epstein Schneider, PLC offers you innovative and comprehensive solutions for tax and financial matters. We are just a click, phone call or message away!

Our Location

8501 E. Princess Drive, Suite 230, Scottsdale, AZ 85255

Tax Services Contact Form

cONTACT Epstein Schneider, PLC

⮞ cONTACT Epstein Schneider, PLC

How can we help you?

We will answer all of your questions, as they impact both your tax and financial situations. We welcome you to contact us anytime.

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