Why Aren’t More Attorneys Utilizing the Fee Deferral Programs?
Like most retirement plans, attorney fee deferral programs have benefits and risks associated with implementation.
Tag: Attorney Fee Deferral
Special Episode – Leif Lundberg
Leif Lundberg has worked exclusively in the field of attorney fee deferrals for almost two decades and co-founded JurisPrudent in 2014.
Reduction of Taxation of Contingent Attorney Fees – A Comprehensive Guide
Trial attorneys can invest all or part of their contingent attorney fees on a pre-tax and tax deferred basis.
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.
The Economics Behind the Highest Paying Structured Settlements
September 30, 2021 Josh Pettingill, MBA, MS, MSCC All structured settlements are not created equal. There is a strong possibility you are leaving money on the table for your client with your existing settlement consultant or worse, relying on the insurance carrier’s structure broker. In this brief article, I will explain some of the methods […]
These are the Best Tax Planning Tools for Contingent Fee Lawyers
Attorneys have a unique opportunity, not available to others who earn professional fees, to take their contingent legal fees and invest them on a pre-tax and tax-deferred basis to smooth out their income. This article answers some frequently asked questions about attorney fee structures and deferral of contingent legal fees.
Don’t Forget to Protect Your Fees from the Tax Man
March 11, 2021 Anthony F. Prieto, Jr., CFP® Trial lawyers have been deferring fees into structured settlement products dating back to the early 1990s. The IRS challenged fee structure arrangements in Childs v. Commissioner.[1] In this seminal 1994 tax case, the IRS argued the fees should be taxed in the year earned; however, the lower […]
Unique Planning Tool to Defer Taxation of Contingent Legal Fees
May 13, 2020 An often-overlooked issue for plaintiff attorneys is the management of taxation of their own contingent legal fees. As part of the normal rhythm of their practices, many attorneys experience peaks and valleys with their own personal income. This leads to concerns for trial attorneys about the unpredictability of their own income. However, […]