My question involves estate proceedings in the state of: VA
I’m the administrator of an estate that has not been submitted to the commissioner as of yet. I’m ready to submit and make the final distribution to the hairs but waiting for the one year anniversary, which will be in two months. I’ve taken my fee which is sizeable. My question is at what point do I notify the IRS of this fee so that taxes can be paid?
I’m the administrator of an estate that has not been submitted to the commissioner as of yet. I’m ready to submit and make the final distribution to the hairs but waiting for the one year anniversary, which will be in two months. I’ve taken my fee which is sizeable. My question is at what point do I notify the IRS of this fee so that taxes can be paid?
Estate Planning Issues: Admin Fee and the IRS
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