Trust Company Supervisory Fee Calculator is a legal document that was released by the North Dakota Department of Labor and Human Rights - a government authority operating within North Dakota.
Q: What is a trust company supervisory fee?
A: A trust company supervisory fee is a fee charged by the state of North Dakota to supervise and regulate trust companies.
Q: Who is responsible for paying the trust company supervisory fee?
A: The trust company is responsible for paying the supervisory fee.
Q: How is the trust company supervisory fee calculated?
A: The fee is calculated based on the total trust assets held by the trust company.
Q: What is the rate of the trust company supervisory fee?
A: The rate varies depending on the total assets under management, with a minimum fee of $500.
Q: When is the trust company supervisory fee due?
A: The fee is due annually on July 31st.
Q: Are there any penalties for late payment of the trust company supervisory fee?
A: Yes, there is a penalty of 2% per month on any unpaid portion of the fee.
Q: Is the trust company supervisory fee tax-deductible?
A: Consult with a tax professional to determine if the fee is tax-deductible for your specific situation.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the North Dakota Department of Labor and Human Rights.