- Tax Implications of Attorneys' Fees in Consumer Cases
- 1099s and Attorneys' Fees
- Trees and Fruit: How Fee Agreements May Change the Taxation of Attorneys' Fees
- NACA Tax Initiative
- NACA Tax Update 2019
Why These Videos Are Helpful
Under our current understanding of tax law, attorneys' fees may be taxable income for your clients. Understanding why this is the case, how the 2017 tax law has exacerbated this issue, and how we can attempt to solve this problem—including how to structure your retainer agreements—is covered in these webinars. All legal aid and private consumer lawyers need to understand the potential impact of tax law on their clients.
What You Will Learn
• Why and how attorneys' fees in consumer cases are being treated as income for your clients
• How you can potentially minimize financial harm to your clients
• What some avenues are for addressing 1099s that are incorrect or erroneously issued
• How NACA’s Tax Initiative is addressing the issue through litigation and legislation
Ayalon Eliach has been working on the NACA Tax Initiative since 2014. Prior to that, he practiced tax law at Roberts & Holland LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York City. He holds a JD, cum laude, from Harvard Law School and a BA, summa cum laude, from Yale University. His views on tax law have appeared in various publications, including the New York Times and the NYU Review of Law & Social Change.