Jeepers, Margaret -- that's a good one.
If there is a trust, then the amount allocable to taxable income are deductible. Without a trust.... I wonder if the legal fees could be considered a medical expense (required in order to provide needed services)? As for bond -- would that be a deduction from the $1160 income, if you client paid it? Taxable fees, yes, but not SE tax since she is not "in the business" of providing conservator services for hire and for profit, and is doing this as a kindness for family.
Guesses only; YMMV. Tried looking it up and had NO luck.
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Catherine
Member Since 12 Apr 2007Offline Last Active Today, 12:17 PM
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- Birthday October 18, 1958
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competitive target shooting, fiddle playing (Scottish style), dancing, gardening, reading
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In Topic: Guardianship and attorney fees
07 May 2012 - 08:40 PM
In Topic: NT-Wonderful News ALMOST
07 May 2012 - 10:32 AM
Done, and will do again and again.
In Topic: Passed the RTRP exam with very limited study
04 May 2012 - 08:26 PM
Get some good rest the night before, take a deep breath, and do NOT get ruffled if the "right" answer isn't one of the choices - sometimes it isn't there and you will get at least partial credit no matter what.
The trick is to read the questions carefully - take your time there as they can be worded to make you -think- they're asking for one thing when they're really asking for another. And don't second-guess yourself - I always found in practice tests that the ones I went back, over-thought, and changed were the ones I got wrong; the first answer was far more likely to be correct!
The trick is to read the questions carefully - take your time there as they can be worded to make you -think- they're asking for one thing when they're really asking for another. And don't second-guess yourself - I always found in practice tests that the ones I went back, over-thought, and changed were the ones I got wrong; the first answer was far more likely to be correct!
In Topic: Passed the RTRP exam with very limited study
04 May 2012 - 11:10 AM
Congratulations to both!! (And Rita, you CAN do it!!)
In Topic: NT-Just a proud mom
04 May 2012 - 11:09 AM
Congratulations!!
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