Tax,
Civil Litigation
Oct. 31, 2018
Monsanto weed killer verdict highlights unfair tax rules, again
Up until the end of 2017, you could claim a tax deduction for your legal fees. In 2018 and thereafter, there is often no deduction for these legal fees. But not all lawyers’ fees face this terrible tax treatment.
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.
Trials can be seesaws of emotion. In August, jurors awarded $289 million to a man they say got cancer from Monsanto's Roundup weed killer. Plaintiff Dewayne Johnson was awarded $39 million in compensatory damages, and $250 million in punitive damages. Monsanto cried foul.
And shortly thereafter, it looked as if the judge might throw out the verdict entirely. In the end, though, the judge denied Monsanto's new trial motion. However, ...
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