Tax,
Law Practice
Feb. 17, 2022
New way to write off legal fees on your taxes
Fortunately, the mechanics of deducting legal fees in employment, whistleblower and civil rights cases have been improved, at long last.
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.
In recent years, it has become been tougher to deduct legal fees. Some plaintiffs in contingent-fee cases are taxed on their gross recoveries, not net recoveries after deducting legal fees. Being creative is needed in this new age since sometimes the rules seem to say you shouldn't be deducting legal fees at all. Fortunately, the mechanics of deducting legal fees in employment, whistleblower and civil rights cases have been improved, at long last.
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