Legal Question in Wills and Trusts in New Jersey
Can an executors fee be paid before the IRS closing letter 627 is received ?
Asked on 1/10/13, 11:37 am
2 Answers from Attorneys
Jonathan Chester
The Law Office of Jonathan S. Chester, Esq., LLC
Yes, the executor's fee can be [and often is] paid before the IRS closing letter is issued.
Answered on 1/10/13, 11:41 am
Walter LeVine
Walter D. LeVine, Esq.
I agree with Jon. However, NJ can disagree as to the amount of the fee, so I suggest holding some back until both IRS and NJ sign off.
Answered on 1/10/13, 4:26 pm
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