Want this question answered?
Yes, the executor fee in the state of NJ is taxable. However, it is only 5% taxable and up to $200,000 dollars.
No. However, you may still have to report it depending on your CA gross income, CA adjusted gross income, age, number of dependents, and filing status. See FTB website for current chart information.
Yes
This answer depends on the laws in your area or the area/location you are asking about.
Taxable gross income includes professional fees paid to you.
If you are a resident of California, take your current license into the DMV and fill out the paperwork and pay the fee. You may have to take a written test.
Yes, the Doc Fee is actually nothing more than extra dealer profit and as such is taxable.
The fee paid to the executor is considered taxable income.
It is considered income. That means it is subject to city, state and federal income tax.
california
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In California, the allowable maximum statutory fee for attorney compensation in probate cases is based on a sliding scale percentage of the total value of the estate. The percentage decreases as the estate value increases. Additionally, attorneys can seek court approval for higher fees under certain circumstances, such as extraordinary services or complex estates.