If you came into your trust during the past fiscal year and you spent some of the money, getting a tax professional to help prepare your documents is the best option. You don't want to get penalized and have to pay a lot of money to refile your taxes or to get charged back taxes because you didn't file your taxes correctly the first time. You are about 20 times more likely to make a mistake trying to do the work on your own, and when your trust is involved it isn't worth the risk. Here are a few things to take with you to the accountant.

Trust Statements

Provide all information you have on the trust. You should get tax documents from the financial company that created the trust, but you also want to have the statements and information about it so the tax preparer can go through it if needed. The current balance of the trust when you go in there should also be brought with you.

Bank Statements

The account information that you use to move money into from the trust and that you use your everyday banking with needs to be brought in. Your accountant will want to see how much money you have moving in and out, what may have been missed being taxed, and what type of payments or purchases are deductible in your favor.

Tax Returns

Bring your past three years' tax returns that you filed. These may show errors that your account will want to refile and fix, you could have money hanging out there that you never applied for or got, and you may owe money that you'll have to pay later on if you don't address the filing issues now. You don't want any of these things to happen.

Portfolio Information

 If you have any other types of investments, like stocks, bonds, mutual funds, and more, then you need to bring these tax documents with you so the accountant can see what you made or lost throughout the year.

Without all this information it isn't possible for the trust tax professional to do all the filing as it needs to be, and you can end up with financial tax problems later on, along with criminal problems if there are major tax errors. Find a tax accountant you can trust and that you want to use to get the process of filing started.