TN 14 (04-92)

RS 01802.033 Fiduciaries

POLICY

Fiduciaries, including administrators, executors, legal guardians, receivers, and trustees, ordinarily are not employees. See RS 02101.630.

Services not performed as an employee may constitute a trade or business in certain situations, i.e., if:

  1. He/she is an attorney and the service is part of the law practice, or;

  2. Otherwise;

    • There is a trade or business among the assets of the estate, and;

    • The fiduciary actively participates in the operation of this trade or business, and;

    • The fees of the fiduciary are related to the operation of the trade or business, or;

  3. An extremely large estate requires extensive time and effort to manage.


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0301802033
RS 01802.033 - Fiduciaries - 06/25/2012
Batch run: 06/25/2012
Rev:06/25/2012