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Q: Is the retainer fee taxable
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What is the journal entry to record a retainer fee?

Debit retainer fee expenseCredit cash / bank


What is an annual retainer fee?

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.


Is executor fee in NJ taxable?

Yes, the executor fee in the state of NJ is taxable. However, it is only 5% taxable and up to $200,000 dollars.


The fee is paid to an attorney to engage their services is called?

a retainer fee


Is hazmat fee taxable?

Yes


What if your broker is requiring a retainer fee?

Lose them............fast.


Is a service fee taxable?

This answer depends on the laws in your area or the area/location you are asking about.


Does an independent administrator who is paid a fee for an estate have to pay taxes on that fee?

Taxable gross income includes professional fees paid to you.


How can I find a good product liability lawyer that doesn't require a retainer?

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.


In Ohio can they tax a doc fee on a used car purchase?

Yes, the Doc Fee is actually nothing more than extra dealer profit and as such is taxable.


What happens if you cannot afford a retainer fee for a crimanal attorney?

Criminal - court through legal aid will appoint one for you.


As an executor of an estate you received money do you pay taxes on it?

The fee paid to the executor is considered taxable income.