Las Vegas Review-Journal, Congress must protect consumers from predatory businesses.
Letter to the Editor from Sophia Romero, Nevada State Chair for the National Association of Consumer Advocates: "If people are too afraid to pursue legitimate cases because they might suffer financially, then unscrupulous businesses will be let off the hook for preying on vulnerable Nevadans during this difficult time."
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.
As you all know, NACA has been working on finding a solution to the problem of consumer clients being taxed for their attorney’s fees. After much analysis and input from all of you, we decided that our best course of action was to develop a retainer agreement that would protect consumers from being taxed on attorney’s fees and then test it through the IRS private letter ruling process.