Yes, the executor fee in the state of NJ is taxable. However, it is only 5% taxable and up to $200,000 dollars.
Nope.... Can only really ask for 10% upto $1,000.00 before work startes. CA
Income tax attorney fees vary. Some attorneys will charge a flat rate for a specific service, for example an attorney may charge a fee of 5% of your debt. However, it is more common for attorneys to charge an hourly fee on top of requiring a retainer. On average, one should expect to pay a retainer of $1000-$2000 and an hourly fee of $200-$250.
These links provide a little insight. www.mncourts.gov/lprb/91bbarts/bb1191.html www.mncourts.gov/lprb/fc01/fc061101.html
The term "retainership basis" refers to the payment of a fixed yearly or monthly fee to a service provider who is not actually an employee of the company paying the fee. The retainer ensures that the company involved is able to utilise the service provider on a "need to" basis.
Debit retainer fee expenseCredit cash / bank
An annual retainer fee is a flat fee that a client pays in advance to retain the services of a professional, such as a lawyer or consultant, for a specified period of time. This fee ensures priority service and availability throughout the year.
Yes, the executor fee in the state of NJ is taxable. However, it is only 5% taxable and up to $200,000 dollars.
a retainer fee
Yes
Lose them............fast.
This answer depends on the laws in your area or the area/location you are asking about.
Taxable gross income includes professional fees paid to you.
The best thing to do is to look in your local newspaper. It will have a listing for all the lawyers in your neighborhood and it will show on the ad if they have a retainer fee or not.
Yes, the Doc Fee is actually nothing more than extra dealer profit and as such is taxable.
Criminal - court through legal aid will appoint one for you.
The fee paid to the executor is considered taxable income.