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Legal Fees Internal Revenue Service

Dechert LLP

Third Circuit Rejects IRS Assertion That Generic Manufacturers Must Capitalize Legal Fees Incurred in Hatch-Waxman Litigation

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Although legal fees spent preparing Paragraph IV notice letters must be capitalized (and thus amortized over 15 years), legal fees spent defending ANDA suits launched in response to those letters may be taken as deductions in...more

Freeman Law

Qualified Offers: How to Make the IRS Pay Your Legal Fees

Freeman Law on

Qualified Offers - The prospect of forcing the IRS to pay legal fees can be an enticing one. And the qualified offer provides a strategic weapon to do just that. A taxpayer who makes a qualified offer to the IRS and later...more

Gray Reed

How to Select a Tax Attorney

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Understanding the IRS and the tax laws is very difficult and confusing.  When a taxpayer has a tax controversy matter with the IRS, selecting a tax attorney may be just as confusing and complicated.  Not all attorneys are...more

Gray Reed

The Cost of Litigating Against the IRS

Gray Reed on

Litigation in all forms is becoming extremely expensive to clients. This is not only because of legal fees, but also because of the penalties and interest that continue to accrue when dealing with the IRS. A taxpayer has...more

Freeman Law

The IRS’ Lawsuits, Awards, and Settlements Audit Techniques Guide

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Some time ago, the IRS issued an Audit Techniques Guide on the taxation of lawsuits, awards, and settlements. As many tax practitioners can attest, there are a multitude of tax issues involving any one of these issues. In...more

ArentFox Schiff

Tax Court Allows Mylan to Deduct Patent Suit Legal Fees

ArentFox Schiff on

The United States Tax Court on April 27, 2021, ruled that Mylan Inc. could deduct the legal fees it incurred in defending itself against patent infringement claims made by other drug manufacturers while pursuing generic...more

Freeman Law

The Federal Tax Law and Lawyers

Freeman Law on

In many respects, operating a law firm is no different than any other business. Specifically, the law firm generates revenues through providing services to its clients and incurs various operating expenses throughout the...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Advisors Advantage - January 2017

How An RIA Can Profit Off Of The New Fiduciary Rule. It's an opportunity. When it comes to an industry, change is often fraught with trepidation and fear. However, I always believe that change also brings...more

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