0
What else can I help you with?
What is the Maine executor fee?
There is no set Maine executor fee. It is up to the executor and the court to decide a reasonable amount for a fee.
Is there a fee for a executor of a will?
The executor's fee is generally set by state law.
Are executor fees taxable income if the deceased was a family member and the executor was also a beneficary?
There is a distinction between money the executor receives as compensation for administering the estate and money the executor receives as an inheritance. The fees are taxable income, the inheritance is not.
Is mileage reimbursement for an executor of an estate taxable?
No it is not considered taxable. As long as the reimbursement meets the current IRS standards, it is not considered income.
Where is my income taxable if the company is in ny but I work partly in NJ?
The general rule is that you income is taxable in BOTH the state where you work and the state where you live. Some states have reciprocal agreements, but NY and NJ do not. But NY has its dreaded telecommuter tax. If your employer requires you to work in NJ, the income you earned in NJ would not be taxable in NY (unless you live in NY). If your employer gave you the option of where to work, for example if they let you telecommute from your home in NJ, NY still considers the income to be taxable by NY. NJ would consider any income earned while working in NJ to be taxable in NJ and all income earned by a NJ resident, no matter where, to be taxable in NJ. Yes, it is possible for the same income to be taxable in two different states. If you live in NY or NJ, the state where you live will give you some credit for the taxes paid to another state to offset some of the double taxation. But if you live in a third state, you could be really screwed if you have income taxable by both NY and NJ, since your state would not let the credit they give you exceed the amount charged by that state.
As an executor of an estate you received money do you pay taxes on it?
The fee paid to the executor is considered taxable income.
Is an executor fee taxable?
It is considered income. That means it is subject to city, state and federal income tax.
Who determins the administrator fee of an estate in NJ?
The maximum is established by law. The executor determines the fee and gets it approved by the court.
Are executor fees taxable in New York state?
They are income for the executor. Yes, they are taxable.
What is the Maine executor fee?
There is no set Maine executor fee. It is up to the executor and the court to decide a reasonable amount for a fee.
Is there a fee for a executor of a will?
The executor's fee is generally set by state law.
What is the estate executor fee in Arkansas?
what if the estate executor fee in arkansas
If the executor is a relative are they entitled to the executor fee?
The executor is entitled to a fee for their services. Their relationship is not a deciding factor. In many states the fee is set by law.
Are executor fees taxable income if the deceased was a family member and the executor was also a beneficary?
There is a distinction between money the executor receives as compensation for administering the estate and money the executor receives as an inheritance. The fees are taxable income, the inheritance is not.
What is the fee an executor of an estate receives in Colorado?
how do you figure estate executor fee in colorado
What fee can an executor of an estate charge in NM?
what is a reasonable executor fee in new mexico
What is executor fee of will in Louisiana?
It can be up to 10% of the entire worth of the estate.
