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Does executor of family member's estate need to receive a
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I am both a beneficiary and the executor of my mothers estate. I wan to pay myself for doing the work involved. How can I not pay taxes on this amount?… read more
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Is trustee fee paid to a trustee taxable to m if the trust
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I'm a trustee of a living family member's revocable trust and
I'm a trustee of a living family member's revocable trust and have been for 5 years. I am being paid 1% of the estate as a trustee fee - $1250 a month. Should I issue myself a 1099? I haven't, I just … read more
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I am a co-trustee with a major bank of a large Fdn. THis is
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A CLIENT WAS PAID $131654.78 IN EXECUTRIX FEES, ARE THOSE TAXABLE
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I received a commission for working on my relatives estate.
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The IRS sent me a notice wanting to know where a sum of money
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In reference to a another estate tax question, does the executor have to pay tax to the funds paid him for handling the distribution of the estate. And is that also allocated to his K1, via a 1099 for… read more
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do you know the tax on 25000 I received for executor fee for
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I was a co-executor for my fathers estate. How do I report ...
I was a co-executor for my fathers estate. How do I report the income I received in the way of the Executor fee? I received a 1099-MISC from the attorney handling the estate. It has the income in box … read more
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Three questions 1. executor of estate earned $7,500 for services 2. received real estate of father's estate (value of $100,000 - father purchased for $30,000 3. beneficiary of life insurance policies … read more
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