The Estate was unable to deduct expenses paid to the decedent's caregiver son based on a self serving agreement not put in writing. However, the Estate was able to deduct the son's fees as an attorney, accountant, and administrator. (Estate of Olivo v. C.I.R.)
Posted by Adam Fleischer, Associate Editor, Wealth Strategies Journal
Posted by Adam Fleischer, Associate Editor, Wealth Strategies Journal
Leave a comment