As of 1996, federal courts have recognized an attorney's ability to defer taxation of his or her contingent fees by using an attorney fee structure. An attorney fee structure is a method of deferring income and taxation on the current year's earned fees. Attorney fee structure also guarantees future income for retirement, children's education, or other potential needs.
Benefits of attorney fee structure includes:
•Application of Alternative Minimum Tax can potentially be avoided.
•It’s a pre-tax investment.
•Deferring compensation over time could lead to less income being lost to taxes.
•Gives custom cash flow management.
•Lower your federal & state income tax liability that result from large cases
If you have any questions, you know who to call...”we’re in this together.”
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