Which Client Costs are Tax Deductible?

Los Angeles Daily Journal, June 23, 2010

1 Pages Posted: 10 Aug 2010

Multiple version iconThere are 2 versions of this paper

Date Written: June 23, 2010

Abstract

Most contingent fee lawyers cannot get a client to pay out-of-pocket costs on an ongoing basis, so the lawyer must pay them. But is the lawyer advancing the costs (to be collected later upon settlement) or simply undertaking the obligation to pay them? Does it matter how the accounting is done and how the fee agreement is worded?

Suggested Citation

Wood, Robert W., Which Client Costs are Tax Deductible? (June 23, 2010). Los Angeles Daily Journal, June 23, 2010, Available at SSRN: https://ssrn.com/abstract=1655881

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

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
55
Abstract Views
495
Rank
535,566
PlumX Metrics