What are out-of-pocket costs and how are they different from attorneys fees?
When hiring an attorney, it’s important to understand what you’re promising to pay the law firm before you sign on the dotted line. The attorney fees and out-of-pocket costs will be listed in the retainer agreement, so it is important to carefully read the retainer agreement before agreeing to it. Many times attorneys will only […]
Can I Deduct Attorneys’ Fees on My 2018 Taxes?
Now that we’re deep into tax season after the 2017 tax reform (The Tax Cuts and Jobs Act of 2017), it’s a good time to review whether your attorneys’ fees are tax deductible. Deducting legal fees on your tax return can help offset the high cost of hiring professional legal assistance, sometimes justifying the need for […]
