Tuesday, December 14, 2010

Year End Attorney Funding can actually turn out to be quite a tax advantage.

Let's say you settled a big case just after Thanksgiving for about $2 million. Your fee plus expenses is going to be be about $700,000. But suppose you don't want the fee for this year; only about(not the full $700,000) $200,000 to take care of year-end obligations. Well you found the right guy.
By funding $200,000 of your fee in December, you can take care of your financial responsibilities and only receive taxable income of $200,000 on your fee. Best of both worlds!

Call me and I'll walk you through it. Happy holidys!

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