Estate & Trust Tax Services

Pillar Business Solutions provides estate and trust tax services throughout Iowa and Illinois, helping executors, trustees, and families navigate complex reporting requirements with confidence. From Form 1041 preparation to estate tax filings, we ensure accuracy, compliance, and peace of mind.

Comprehensive Support for Estates and Trusts

Estate and trust taxation requires specialized attention to timing, reporting, and legal coordination. Our team works closely with executors, trustees, and beneficiaries to manage every tax obligation that arises during administration. We handle everything from fiduciary returns to estate income allocations, ensuring that filings are completed properly and on schedule. Pillar Business Solutions also coordinates with attorneys and financial advisors to maintain a unified approach that aligns with each estate’s overall financial plan.

Fiduciary & Estate Tax Preparation

Fiduciary tax returns (Form 1041) can be challenging without experienced guidance. We prepare and file these returns for estates and trusts of all sizes, accurately reporting income, deductions, and distributions. Our services include calculating fiduciary accounting income, allocating taxable earnings to beneficiaries, and handling state-specific filings in both Iowa and Illinois. For larger estates, we also assist with Form 706 estate tax returns, ensuring compliance with federal requirements and identifying opportunities to minimize taxes where possible.

• Fiduciary income tax return (Form 1041) preparation
• Estate tax return (Form 706) preparation, if applicable
• Coordination with attorneys and investment advisors
• Income allocation and beneficiary reporting
• Multi-state filings for Iowa and Illinois estates

Penalty Relief & Post-Death Tax Compliance

Estate administration often involves complex timelines, and missing a deadline can lead to penalties or IRS notices. Pillar Business Solutions assists in resolving late or inaccurate filings, negotiating penalty abatements, and ensuring continued compliance through the administration process. We review prior filings, identify any gaps, and correct them to restore good standing. This approach not only resolves current issues but helps prevent future ones as distributions or additional filings occur.

Multi-State Estate Support in Iowa & Illinois

When estates include property, income, or beneficiaries across multiple states, compliance becomes more intricate. Pillar Business Solutions has deep experience managing estate and trust filings that span Iowa, Illinois, and beyond. We handle varying state rules for inheritance taxes, income sourcing, and fiduciary responsibilities to ensure full compliance. By consolidating management under one trusted team, families can avoid costly oversights and maintain clear, consistent reporting across jurisdictions.

Trusted Guidance for Families and Advisors

Settling an estate or administering a trust can be an emotional and administrative challenge. At Pillar Business Solutions, we provide more than technical tax preparation—we bring understanding, communication, and stability to the process. Our team ensures executors and families understand every step, working with care and transparency. Whether you’re finalizing an estate in Bettendorf, managing a trust in Schaumburg, or navigating multi-state filings, you can rely on us to make complex matters manageable.