Carol Cantrell of Texas Society of Certified Public Accountants (TSCPA), in comments on the reproposed regulations explaining which costs incurred by estates or non-grantor trusts are subject to the 2 percent floor for miscellaneous itemized deductions, has suggested that the final regulations adopt a Hubert approach and a percentage safe harbor for bundled fees.
Comments Letter
Download TSCPA comments ltr to IRS REG-128224-06 new proposed regs IRC Sec 67(e) 1-6-11
Comments