Personal Tax Services

Personal Tax Return Preparation

Tax laws are changing all the time and it’s important that you get up-to-date, professional tax information firsthand from a professional team like Ramsay & Associates. Ramsay strives to provide the expert information and assistance you need by pointing out the opportunities in tax law that will most benefit your specific situation. There is plenty of software on the market that allows you to prepare your own personal tax return, but at Ramsay & Associates, we’ve found that there are many errors or missed opportunities when people attempt to prepare their own returns. We offer a free review of your last two years of tax returns to look for errors or missed opportunities.

Discover the difference when you let our tax professionals at Ramsay & Associates take care of your needs.

When our experts at Ramsay provide professional tax planning and projection services, it goes way beyond preparing a timely and accurate tax return. The process of tax planning and projection involves careful analysis of your personal situation to ensure the viability of the latest tax laws as well as adhering to those laws. This is a commitment that we feel cannot be compromised.

Tax Planning & Projections

Estate, Trust & Gift Tax

Estate Tax

The estate tax is a tax on property that is transferred at your death, while a gift tax is on money or property that you give to someone during your lifetime that may be subject to federal and state taxes.

Like the trust tax, estate and gift taxes can become quite complicated because the possible scenarios for each are nearly endless. Our accounting experts at Ramsay are very familiar with estate and gift tax laws. We know just the right questions to ask you about your situation, and we can help you minimize the taxes that you or your loved ones will need to pay when receiving an inheritance or giving a gift. When it comes to keeping as much of your hard-earned money in your pocket as possible — our team at Ramsay & Associates is the right one to call.

Trust & Gift Tax

Trust taxes are a unique part of our tax law, and are one of the many places where things get confusing. If you need help understanding how trust taxes work, and how to get the biggest impact for your dollar with a trust, our professionals at Ramsay & Associates can provide all of the help and information you need. We work closely with attorneys to be sure you get to take full advantage of trust tax laws and get the greatest possible return on your investment.

Trusts can be used to protect your lifetime assets as well as provide means for passing your assets to your heirs with as little lost to taxes as possible. In many cases, one of the main benefits of trusts is that the beneficiary is not subject to a large amount of tax all at once. If the terms of the trust dictate that the beneficiary receives funds from the trust incrementally, then taxes are not assessed until those funds are actually in the hands of the beneficiary. At that point, they become taxable, just like many other types of income. Assuming that the trust is structured in a manner that allows it to generate income over the long-term, this means that the beneficiary must only pay taxes on the funds received during the tax year.

Like many other taxable assets, there are many exceptions to the rules of how trusts work and how they are taxed. Our Ramsay professionals can help.

IRS & State Audit Help

Our professionals at Ramsay & Associates strongly recommend that individuals don’t rely solely on self-representation when dealing with an audit or questioning by IRS or state taxing authorities. Given the many levels of tax law, you stand to gain a valuable strategic advantage by having experts, like our team at Ramsay, on your side. We’ll research your situation, find the facts and resolve the issues as quickly and painlessly as possible. Some of the challenges from the IRS or state may be valid and accurate, while others are not. The key is to know the law. Tax law is extremely complicated, but our tax experts at Ramsay & Associates stay constantly informed in regard to tax law and legislation that can potentially affect our clients.

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TESTIMONIALS

What Our Clients Are Saying

"Very impressed with initial consultation - Brady's depth of knowledge, asking the right questions, very professional and yet friendly, the kind of person you want on your side. Highly recommend Ramsay and Associates."

Jeff Vesel

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Recent News & Tips

Estate Planning Tips: 4 Reasons Why Avoiding Probate Is a Smart Move

By Brady Ramsay • September 4, 2025
When planning your estate, one of the smartest strategies you can adopt is to minimize or avoid probate. Probate is a legal procedure in which a court establishes the validity of your will, determines the value of your estate, resolves … Continue reading → The post Estate Planning Tips: 4 Reasons Why Avoiding Probate Is a Smart Move appeared first on Ramsay and Associates.

Reporting Digital Assets: What You Need to Know

By Brady Ramsay • August 5, 2025
As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’s scrutiny of how taxpayers report these transactions on their federal income tax returns. The IRS has flagged this area as a key focus. To … Continue reading → The post Reporting Digital Assets: What You Need to Know appeared first on Ramsay and Associates.

Why Choosing the Right Trustee Matters

By Brady Ramsay • July 8, 2025
It’s not uncommon for an estate plan to contain multiple trusts. They can enable you to hold assets for and transfer them to beneficiaries, avoid probate, and possibly reduce estate tax exposure. When drafting a trust, you must appoint a … Continue reading → The post Why Choosing the Right Trustee Matters appeared first on Ramsay and Associates.