M_2015 Posted August 26 Posted August 26 Does anyone have thoughts as to whether the decision to change method for determining minimum contributions and/or related application for IRS approval is considered a fiduciary or settlor function?
Effen Posted August 26 Posted August 26 Why would that be relevant? Are you asking if the fees associated with the submission are reimbursable from the trust? Can you provide a little more detail? What is the method change being discussed and why would you submit it to the IRS for approval? The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
M_2015 Posted August 26 Author Posted August 26 Yes, that is exactly the reason. I believe it's a change in the valuation of assets but am not certain.
Effen Posted August 26 Posted August 26 More detail and context would be helpful. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
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