Public interest organizations strongly support legislation introduced this week that would remove an unfair tax penalty against consumers. “For too long, taxpayers have been subject to unexpected penalties when they successfully hold unscrupulous businesses accountable in court,” the groups said in letters of support for the new bills introduced by Sen.
NACA sends this letter in support of the End Double Taxation of Successful Civil Claims Act introduced by Sen. Catherine Cortez Masto. The bill would would ensure that American consumers are not unfairly penalized when they obtain justice for harm caused by bad actors by creating an above-the-line deduction for consumers who recover their legal fees after winning civil claims.
Written by Ira Rheingold, Executive Director
A lot has been happening on our campaign to prevent consumer clients from being taxed on your attorney fees. As you know, we have been working on this issue for several years, and our effort has taken three separate, but coordinated paths: Litigation, Legislation, and Practice Advice. All of NACA’s past published work, including memos and webinars, can be found on our website.
From: Ayalon B. Eliach
To: NACA Members
Date: January 4, 2018
Subject: The Tax Cuts and Jobs Act
This memorandum does not constitute tax advice. It is intended solely as an informational resource for NACA members to understand some of the issues that the NACA Tax Initiative currently faces. NACA members are encouraged to evaluate all of the legal issues presented herein to develop their own views on the subject matter.
From: Ayalon B. Eliach
To: NACA Members
Date: January 30, 2017
Subject: 1099s and the NACA Tax Initiative
This memorandum does not constitute tax advice. It is intended as an informational resource solely for NACA members to understand some of the issues that the NACA Tax Initiative currently faces. NACA members are encouraged to evaluate all of the cited legal sources to develop their own views on the legal issues discussed herein.
