Lawyers and clients resolve disputes all the time, usually with an exchange of money and a release. Almost any time money changes hands, there are tax issues for both sides, coming up in a surprising …
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Mediation is nonbinding, but the goal is a binding deal. If a case is resolved, there may be a handshake,…
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All lawyers know something about taxes: we all pay them, and we all know that legal fees are income.…
It would be very satisfying to say, “Sorry, IRS, you are too late to audit me!”[1] It can save you…
If you hope to write off your legal fees, there is some good news from the IRS. Before you rejoice, the…
We all pay taxes, and we all talk about them, especially how we wish they were lower. A surprising number…
When you receive a loan, is the money taxable? Of course not, because you must pay back the money. That…
Dear IRS, no penalties please! Taxpayers claim that penalties are not warranted for many reasons, but…
IRS Forms 1099 match income and Social Security numbers.[1] Most people pay attention to these forms…
Imagine that you are a plaintiff in a lawsuit, and you just settled your case for $1,000,000.[1] Your…
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