IRS notice extends full deduction of bundled fiduciary fees pending IRS regulations Notice 2010-32 (April 1, 2010) granted fiduciaries yet another reprieve from dealing with the ramifications of the U.S. Supreme Court's decision in Knight v. Comm'r, 552 U.S. 181 (2008), by providing that bundled fiduciary fees are still fully deductible on 2009 returns. In Knight, the court held that fees paid to an investment advisor by a trust or estate are generally subject to the 2 percent floor for ...

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