Tax Break for PI Lawyers
Walter Olson of PointofLaw.Com writes about a tax break that is in the works for trial lawyers: [T]he litigation lobby is quietly preparing to push through a $1.6 billion (with a “b”) tax break for contingent-fee lawyers that would let them deduct expenses as made, rather than in the year of settling a suit. Current Law Personal injury (PI) lawyers usually take cases on a contingency basis. Their clients pay them from the settlement or jury awards they collect. These lawyers p
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