My client acted as fiduciary for 2 family estates. He took quite reasonable fees of $10,000.
I believe that his non-professional status gets him out of the self-employment tax. He wants to contribute the entire amount to Roth IRA's for 2008. He and his wife are both over 70.
Is there any reason they can't??
Thanks.
I believe that his non-professional status gets him out of the self-employment tax. He wants to contribute the entire amount to Roth IRA's for 2008. He and his wife are both over 70.
Is there any reason they can't??
Thanks.
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