In their Taxation column, David E. Kahen and Elliot Pisem, members of Roberts & Holland, review a recent Tax Court decision that merits close reading by any law firm that treats expenses advanced for clients in pending contingency fee litigation matters as currently deductible expenses rather than as loans.
Firm Denied Current Deduction for Out-of-Pocket Disbursements
New York Law Journal
February 21, 2013
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