Tax
Nov. 22, 2017
Tax bill includes 'Harvey Weinstein tax'
The Senate tax bill includes a provision that, if passed, would deny certain defendants the ability to deduct certain legal fees and settlements from their taxes.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Celebrities often pay high legal fees. Harvey Weinstein, Kevin Spacey and others are probably paying some now. There may be legal expenses for contract discussions, expenses defending lawsuits, and even some legal settlements. In many cases, celebrities can probably find a way to deduct these expenses on their taxes.
In some cases, that can even be true with legal fees in criminal matters, and with payments of restitution. Many peop...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In