Deductibility of Professional Fees on Trust/Estate Fiduciary Income Tax Returns
August 7, 2018 by Pete Finch
When the new tax law disallowed miscellaneous 2% deductions and personal exemptions, it was unclear how this would affect Estates and Non-Grantor Trusts. On 7/13/2018, the IRS issued Notice 2018-61 that announced the Treasury Department and IRS intend to issue regulations providing clarification. In general, some deductions and the personal...
Read More