executor fees

Are Executor Fees Subject To Self Employment Tax?

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Are Executor Fees Subject To Self Employment Tax? Answer: 1. With regard to Executor or Trustee fees, the determination as to whether or not they are subject to employment taxes rests with whether or not the level of activity rises to that of a “trade or business.” In general, non-professional executors and trustees are not

Can Executor Pay Travel For Someone To Help?

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Can Executor Pay Travel For Someone To Help? An executor can get reimbursed for out-of-pocket expenses, even if the executor has waived a fee or if the will specifies that no compensation should be provided. What types of things get reimbursed? Travel expenses, mileage, postage, office supplies (Keeping good records is important.) What can an