AICPA Comments to IRS on Section 67(e) Trust Investment ...

Examples of such expenses include the cost of audits by Certified Public Accountants, tax preparation fees, legal fees, and regulatory or compliance costs. Temporary Reg. § 1.67-2T(d)(2) provides an example of a common trust fund, which is treated similar to a partnership, reporting $600 of such affected expenses to a trust. ................
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