26-Jul-18
Tax Deductibility of Trustee’s Fees
Take-Away: Confusion was created by the 2017 Tax Act when it comes to the deductibility of trustee’s fees. The Treasury Department just released a Notice that promises some guidance on the continued income tax deductibility of trustee fees under the 2017 Tax Act. Background: The 2017 Tax Act eliminated itemized income tax deductions (sometimes referred […]
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