Texas CPAs Provide Comments on Re-Proposed Regs

The Texas Society of Certified Accountants has provided comments on re-proposed regs (REG 128224-06) that explain which estate and non-grantor trust costs are subject to the two percent floor for miscellaneous deductions. According to the comments, the re-proposed regs adopt a Hubert approach and award bundled fees a safe harbor. 

See Andrew Hodes, Texas CPAs Provide Comments on Proposed Regs for Estate Costs Subject to Two Percent Floor, Wealth Strategies Journal Beta (2.0), Jan. 15, 2012. 

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.