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To: det dweller too

This is a tough one.

Who do I want to profit less from lawsuits, lawyers or the government?


3 posted on 01/26/2005 9:58:00 AM PST by KidGlock (W-1)
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To: KidGlock

Who do I want to profit less from lawsuits, lawyers or the government?

What's the difference?


6 posted on 01/26/2005 10:02:11 AM PST by yobid
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To: KidGlock
I have a problem with this, in that if the total is considered income, then the cost of earning that income should be deductible. The cost of earning this income is the lawyer fees...

Just as I would not pay tax on gross receipts of a lawn business (if I had to rent the equipment, or paying an employee - I would get to deduct the cost of doing business),

In this case, the lawyer is my employee. I would send the law firm a 1099, and deduct it as a business expense.
10 posted on 01/26/2005 10:10:11 AM PST by babygene (Viable after 87 trimesters)
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