Legal Fees and Tax Deductions

California Tax Lawyer, Vol. 19, No. 1, 2010

3 Pages Posted: 6 May 2010

Multiple version iconThere are 2 versions of this paper

Date Written: Winter 2010

Abstract

It is unreasonable to expect a law firm’s clients to enjoy paying legal fees as much as their lawyers enjoy receiving them. Yet in my experience, clients are much more likely not to object to paying legal fees if they can deduct them. After all, if you pay a deductible legal fee and are in a 40 percent (state and federal) tax bracket, you really are paying only 60 percent of the legal fees. The rest is paid by the government. This is so obvious it seems silly to say it.

Suggested Citation

Wood, Robert W., Legal Fees and Tax Deductions (Winter 2010). California Tax Lawyer, Vol. 19, No. 1, 2010 , Available at SSRN: https://ssrn.com/abstract=1600880

Robert W. Wood (Contact Author)

Wood LLP ( email )

333 Sacramento Street
San Francisco, CA 94111
United States
415-834-1800 (Phone)
415-834-1888 (Fax)

HOME PAGE: http://www.WoodLLP.com

Wood LLP ( email )

333 Sacramento Street
San Francisco, CA 94111
United States
415-834-1800 (Phone)
415-834-1888 (Fax)

HOME PAGE: http://www.WoodLLP.com

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