1,690
612
288
46Spaces
A Space holds the documents, the workpapers, the review history and the outstanding asks together — and tells you honestly how far from ready it is.
1041
Pernee for
trust and estate returns
Fiduciary returns turn on the trust instrument, the trustee’s decisions and a history that often spans decades. Pernee keeps that history with the return.
A trust return is only as good as what the firm remembers about the trust. The governing document, the 65-day election, the distribution the trustee made in January.
Fiduciary income and distributions,
carried forward
01
Know the trust before the return
Pernee keeps the governing instrument, trustee decisions and prior-year positions together, so preparers know how each trust works before they start.
- Trust terms and distribution provisions on hand
- Grantor and non-grantor status tracked
- Prior-year positions with who signed off
Why did we make the Section 754 election for Ridgeline in 2024, and who signed off on how the step-up was allocated?
Firm memoryRecalled 5 items · 9s
The firm made the election because Harbor Point LP bought a 12% Class A interest from Aldine Partners for $4.1M more than its share of inside basis. Without it, Harbor Point would be taxed on gain it had already paid for.14
A. Morgan signed the position memo on February 18, 2025. Her review asked for the Section 743(b) step-up to be allocated to the portfolio investments under the residual method, not to goodwill at the fund level.12
Mark Ellison questioned the election in March because it cannot be revoked. The team kept it after showing that two more transfers were expected in 2025.3
Both transfers closed. The 2025 return needs a new Section 743(b) adjustment for each, and the 2024 election already covers them.5
Not found in your sources. No record of who approved the Harbor Point side letter terms.
Memory · Ridgeline
- 1Position memo · Section 754 election 2024Position · signed by A. Morgan · Feb 18, 2025
- 2Review notes 2024 · A. MorganReview · 5 notes
- 3Email · Mark Ellison, CFOCorrespondence · Mar 12, 2025
- 42024 Form 1065 · Statement 3Vault · as filed
- 5Partner transfer log 2025Vault · Source documents
02
Work out DNI and distributions
Pernee builds DNI and distribution workpapers from the accounting and last year’s treatment, and flags anything that needs the trustee.
- DNI and fiduciary accounting income tied out
- 65-day elections and distributions tracked
- Beneficiary K-1s checked against last year
An animation of connecting Microsoft 365, then 12 files appearing in an all-files list, each matched to a client and filed into that client's binder folders.
03
Review with the history in view
Each return is checked against prior years and the firm’s review comments, and the signer gets a brief on what changed.
- Capital gains allocation compared year over year
- Estate final-year items flagged
- Open questions for the trustee listed
Explore the platform
Agents
Purpose-built agents pull the firm's own precedent into a draft memo, response or checklist. Every claim carries its source, and every draft waits for a person to approve.
Vault
One client's files in one place, in the firm's own folders. The bytes stay in the system that owns them — what Pernee keeps is where each file is, and the text of what it has read.
Memory
Pernee keeps why a position was taken, who signed it and what it was questioned on — and brings it back the season it matters.
Security
Built for the data
your clients trust you with
Never trained on your data
Neither Pernee nor its model providers train on your returns, workpapers or comments.
Permissions that mirror your firm
People see in Pernee only what they can already open in your systems.
Drafts only
Pernee never files anything and never writes back into your tax software.
Encrypted end to end
TLS 1.2+ in transit and AES-256 at rest, with a full audit log.
Tailored for Every Return
Last year's review, positions and workpapers, brought back on the form you are preparing now.
