Monday, 2 March 2015

Can an executors fee be paid before the IRS closing letter 627 is received ?

Question

Can an executors fee be paid before the IRS closing letter 627 is received ?



Answer

Yes, the executor's fee can be [and often is] paid before the IRS closing letter is issued.



Answer

I agree with Jon. However, NJ can disagree as to the amount of the fee, so I suggest holding some back until both IRS and NJ sign off.



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