Who is responsible for payment of self-employment tax on fees received by a professional fiduciary?
A. Non-professional fiduciaries, on fees they receive.
B. The estate.
C. The beneficiaries, on pro-rata basis.
D. The professional fiduciary.
Expert Answer
The answer is given below:
B. The estate.
The trade and the business among the asset of estate is responsible for payment of self-employment tax.