United States Gift and GST Tax Returns (Form 709)

A U.S. citizen or resident is generally required to file a Form 709 if they make gifts during the year which exceed the annual exclusion for that given tax year.

If a U.S. person makes gifts which are at or below the annual exclusion, they may still file Form 709 to report the gifts and start the statute of limitations for the applicable tax year.

Forms, Schedules & Attachments	Price (in USD) & Description of Forms
Form 709 (U.S. Gift & GST Return), including: – Core pages 1 through 10 – All required statements & attachments	Fee: $750 for Form 709 with cash gifts only The Form 709 includes the first 10 pages (Schedules A, B, C, D). Additional statements & attachments may be required depending upon your particular circumstances. Additional fees apply for more complicated returns where there is a gift of noncash property (real estate, closely held business equity, interests in trusts, etc.), gifts of future interests, and gifts subject to GST.
State Gift Tax Returns	Fee: $200 As of 2025, the state of Connecticut imposes a gift tax return filing requirement for donor’s who are resident of Connecticut.
Additional Attachments & Appraisals	Certain gifts of property or interests in trusts require substantially more disclosure on the Form 709, and often require formal appraisals to justify the fair-market value of the asset. Our firm does not conduct appraisals. These engagements should be entered into separately with a qualified licensed third-party appraiser.

Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts (Form 3520)

A U.S. citizen or resident is generally required to file a Form 3520 if they receive more than $100,000 in gifts from a nonresident individual or foreign estate, or the U.S. person receives a gift from a foreign corporation or partnership which exceeds the applicable threshold amount for a given year under IRC Section 6039F.

Forms, Schedules & Attachments	PricPrice (in USD) & Description of Forms
Form 3520 (Receipt of Foreign Gifts), including: – Core pages 1 through 6 – All required statements & attachments	Fee: $750 for cash gifts only The Form 3520 includes the first 6 pages (Parts I through IV). Additional statements & attachments may be required depending upon your particular circumstances. Additional fees apply for more complicated returns where there is a gift of noncash property (real estate, closely held business equity, interests in trusts, etc.).
Additional Attachments & Appraisals	Certain gifts of noncash property or interests in trusts require substantially more disclosure on the Form 3520, and often require formal appraisals to justify the fair-market value of the asset. Our firm does not conduct appraisals. These engagements should be entered into separately with a qualified licensed third-party appraiser.

U.S. Income Tax Return for Estates and Trusts (Form 1041)

A fiduciary must file a Form 1041 for either a decedent’s estate or a nongrantor trust if it meets certain requirements. A Form 1041 must be filed if the trust or estate has either gross income of $600 or more, a beneficiary who is a nonresident, or the trust holds an investment in a qualified opportunity fund (QOF) at any time during the year.

Forms, Schedules & Attachments	Price (in USD) & Description of Forms
Form 1041 (U.S. Income Tax Return for Estates and Trusts), including: – Core pages 1 through 3 – Schedule K-1 for each beneficiary – Schedule D (Capital Gains & Losses) – Schedule I (Alternative Minimum Tax) – Form 1116 (Foreign Tax Credit) – Form 4562 (Depreciation Expense) – Form 4952 (Investment Interest Expense) – Form 8949 (Sales & Dispositions of Capital Assets) – Form 8960 (Net Investment Income Tax)	Fee: $1,000 The base package includes all of the forms & schedules listed within this row, if applicable to your situation. Any additional forms or schedules, if required, are listed below with their applicable fees. The Form 1041 includes the first 3 pages (Schedules A, B, & G). Additional statements & attachments may be required depending upon your particular circumstances.
Form 7004 (Application for Automatic Extension of Time to File Business Return)	Fee: FREE (included with base filing) Six (6) month extension to file Form 1041.
State Trust & Estate Income Tax Returns	Fee: $200 per state return Trusts established in certain states, trusts/estates with beneficiaries or decedents located in certain states, or trusts/estates with certain state-source income may require a state tax return.
Schedule C (Profit and Loss From Business), including: – Form 8585 (Passive Activity Loss Limits)	Fee: $200 A trust or decedent’s estate which operates a sole proprietorship directly or through a disregarded LLC should file Schedule C to report those business activities.
Schedule E for Rental Property, including: – Form 8582 (Passive Activity Loss Limits) – Form 4797 (Sale of Business Property) – Form 8895 (QBI Deduction)	Fee: $50 per rental property Schedule E (Supplemental Income & Loss Part 1) report rental real estate income & expense.
Schedule E for Schedule K-1s, including: – Form 8582 (Passive Activity Loss Limits) – Form 4797 (Sale of Business Property) – Form 8995 (QBI Deduction)	Fee: $25 per Schedule K-1 Schedule E (Supplemental Income & Loss Parts II & III) report activity from partnerships, S corporations, trusts & estates.
Form 8938 (Statement of Specified Foreign Financial Assets)	Fee: $200 Disclose foreign financial assets & foreign bank accounts.
FinCEN Form 114 (FBAR)	Fee: $100 Report foreign bank accounts and other foreign financial assets.

Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts (Form 3520)

A U.S. person may be required to file a Form 3520 to report transactions with a foreign trust (such as contributions of cash or property), or the U.S. person is the owner (grantor) of a foreign trust.

The foreign trust itself (not the settlor or grantor) may be required to file an annual Form 3520-A if the U.S. person is treated as the owner of all or any portion of the trust. In cases where the trustee does not file the Form 3520-A, the U.S. grantor is responsible for filing the Form 3520-A.

A foreign trust is any trust other than a domestic trust. A domestic trust is any trust that meets BOTH the “court test” and “control test” under federal tax law. Under Treas. Reg. Sec. 301.7701-7, a domestic trust is any trust where a U.S. court can exercise primary supervision over administration of the trust, and one or more U.S. persons have authority to control all substantial decisions of the trust.

Forms, Schedules & Attachments	Price (in USD) & Description of Forms
Form 3520 (Annual Return Filed by U.S. Person for a Foreign Trust), including: – Core pages 1 through 6 – All required statements & attachments	Fee: $600 The base package includes all of the forms & schedules listed within this row, if applicable to your situation. The Form 3520 includes the first 6 pages (Parts I through IV). Additional statements & attachments may be required depending upon your particular circumstances.
Additional Attachments & Appraisals	Certain gifts of noncash property or interests in trusts require substantially more disclosure on the Form 3520, and often require formal appraisals to justify the fair-market value of the asset. Our firm does not conduct appraisals. These engagements should be entered into separately with a qualified licensed third-party appraiser.
Form 3520-A (Annual Information Return of a Foreign Trust with U.S. Owner), including: – Core parts I, II, & III – Foreign Grantor Trust Owner Statement – Foreign Grantor Trust Beneficiary Statement – All required statements & attachments	Fee: $1,000 – Foreign Grantor Trust Fee: $1,500 – Foreign Nongrantor Trust The base package includes all of the forms & schedules listed within this row, if applicable to your situation. The Form 3520 includes the first 3 pages (Parts I through III). The form is accompanied by the Foreign Grantor Trust Owner Statement, the Foreign Grantor Trust Beneficiary Statement, or both. The tax status (grantor vs nongrantor) and number of beneficiaries determines which statements, and how many, must be included.
Form SS-4 (EIN Application)	Fee: $200 The trust should obtain its own employer identification number (EIN) before filing Form 3520-A. If the trust does not have an EIN, we can assist with the application.
U.S. Agent Designation	Fee: $100 Preparation of the “Authorization of Agent” contract between the trust & U.S. agent. For privacy purposes, it is generally best for the foreign trust to appoint a U.S. designation agent, which can be the grantor or a third-party.