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Catherine

Member Since 12 Apr 2007
Offline Last Active Today, 12:17 PM

Posts I've Made

In Topic: Guardianship and attorney fees

07 May 2012 - 08:40 PM

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.

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!

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!!