Directors of Tax Services
Richard L. Tougas
Richard L. Tougas is the Director of Tax Services at Hemenway & Barnes.
Richard L. Tougas is the Director of Tax Services at Hemenway & Barnes. He brings a wide range of experience in personal and fiduciary income taxation. Richard advises clients on all aspects of their tax and financial planning needs. He specializes in personal income tax, trust and estate taxes, private foundations and tax planning. His prior experience includes Tax Team Mentor/Tax Advisor role at a mid-sized investment management firm and tax accounting with a mid-sized regional public accounting firm.
In addition to managing the day-to-day operations of the firm's tax department, Rich provides guidance to the firm's attorneys, trustees, staff, and clients on development in the tax laws.
- Oversees the preparation of clients' tax returns, estimates and planning on personal income taxes, trusts and estates, gifts, partnerships, and private foundations.
- Prepares clients’ personal tax returns as well as returns for their related trusts, estates and foundations in a family office environment.
- Works closely with trust administration on issues relating to trust creation, termination and beneficiary deaths.
- Represents clients on Internal Revenue Service audit matters through written correspondence and personal meetings.
“As a tax advisor, it is important to be proactive and in constant contact with our clients. While the foundations of trust and estate planning remain constant, new tax rules, changes in technology and new legislative trends make our jobs more complex than ever. In order to be successful, we need to stay ahead of the trends and communicate these issues to our clients so that we can design solutions that meet their needs in a tax sensitive manner.”
— Richard Tougas’ Comment on Trends in Trusts and Estates