Law Practice
Jul. 17, 2010
Tax Break For Contingency Costs May Be Imminent
Trial lawyers may be close to winning a long-sought tax break allowing them to write off the cost of contingency litigation, potentially saving more than a billion dollars a year nationally but hitting U.S. coffers at a difficult time.
Daily Journal Staff Writer
Trial lawyers may be on the verge of winning a long-sought tax break allowing them to write off the cost of contingency litigation, potentially saving them more than a billion dollars a year nationally but hitting U.S. coffers at a politically sensitive time when the federal deficit has topped $1 trillion and Americans are anticipating tax hikes next year.
The American Association of Ju...
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