Dana S Beane & Company, P.C. Cpas

Providing all the services you might expect from a CPA firm, plus extensive expertise in numerous taxation areas including estate, trust and gift taxation, foreign transaction compliance, sophisticated derivative partnership equity structuring and taxation using LLCs.

Is anyone truely looking out for your business interest? Our firm's philosophy since 1947 is admittedly old fasion; Do what is in the best interest of the client, particularly when contrary to our own short term financial interest. That philosophy has created relationships lasting generations. It is not a modo, it's daily practice.

Products Carried: Estate and Trusts Tax Basis of inherited and gifted property Is it true that if I gift low basis assets, like stock I bought in 1960, to a terminally ill person and he or she then Wills the items back to me, that such inherited property that I receive will be granted a tax cost basis equal to the fair market value on the date of death and that upon sale of that property at that price I will not have any capital gain taxes to pay? Q: Gift Tax Planning Techniques - Why is there an annual gift tax