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Business & Finance Assignment | Custom Assignment Help

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December 11th, 2019

Martha is serving as Executrix of her late mother’s estate. The estate is taxable as it exceeds the sum of $11.4 million. Due to the volume of work and complexity involved in settling the estate, Martha plans to collect a fee of $110,000 for the three-year period she estimates it will take to settle the estate. What options does Martha have to deduct this fee? When must she collect the fee to be able to deduct the fee? Does she have to collect the fee in one lump sum? Is the fee income taxable to Martha?

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