A Unique Opportunity for Contingent Fee Lawyers to Tax Plan for Tomorrow
An often-overlooked issue for plaintiff attorneys is the management of taxation of their own contingent legal fees.
Tag: Art of Settlement
Settlement Compliance Strategies for Closing Cases
This blog addresses issues of major importance when dealing with the form of settlement for a personal injury matter involving a disabled client.
Free Download: Structured Settlement Whitepaper
January 10, 2022 When any physical injury victim recovers money either by settlement or by verdict, the question of the tax treatment of said recovery arises. As long as it is compensation for personal physical injuries it is tax-free under Section 104(a)(2) of the Internal Revenue Code.1 Section 104(a)(2) of the Internal Revenue Code states […]
Why Was the Ahlborn Case Such a Significant Victory for Injury Victims?
October 20, 2020 Heidi Ahlborn was injured in a very serious car accident in January of 1996. At the time, she was a nineteen-year-old college student pursuing a degree in teaching. She suffered a catastrophic brain injury that left her incapable of finishing college and unable to care for or support herself in the future. […]