Steven Chung

Steven Chung

Steven Chung is a tax attorney in Los Angeles specializing in federal and state tax planning and tax dispute resolution. He is currently the Secretary of the Beverly Hills Bar Association Section of Taxation. He received his law degree from Whittier Law School and an LL.M. in Taxation with honors and high distinction from Loyola Law School. He was a national finalist in the ABA Law Student Tax Challenge. His writings have been published in Forbes and the Virginia Tax Review. His policy recommendations on the taxation of digital currencies have been cited in the IRS Taxpayer Advocate's Annual Report.

Lower California Bar Examination Pass Score Will Do Harm

California is contemplating lowering its bar pass score, but it shouldn't do so. Lowering the score won't address the problems that actually plague the legal industry and will also flood the market.

Things Lawyers Think Are Tax Deductible That Are Not

Not everything that seems like a business expense is tax deductible. Here are a few things that lawyers commonly assume they can deduct, but they cannot.

The Closing of Whittier Law School: A Sign Of Things To Come?

Southern California's Whittier Law School is closing. What does this mean for the profession?

Defusing the Student Loan Forgiveness Tax Bomb

Debt forgiveness isn't the same as tax forgiveness. Here's how to avoid an unexpected student loan tax bomb.

How Trump’s Tax Proposals Could Affect You and Your Firm

President-Elect Trump has proposed sweeping changes to the tax code. Here are some ways in which those proposed changes could affect you.

Why Your Tax Bill Could Be Higher Than You Thought

Several things can affect your tax bill. Here are some things to keep in mind as you do your end-of-year tax planning.

How to Launch a Law Practice in a New Neighborhood

If you are considering moving your practice to a new neighborhood, here are some things to keep in mind.

Maximizing Tax Benefits When Using Your Car for Commuting

If you travel for work, as many attorneys do, make sure you're taking full advantage of the tax credits and deductions available to you.

Dear Lawyers: If a Client You’ve Never Met Sends You $350,000, It’s Probably a Scam

Here's what happens if you answer one of those solicitations from mysterious overseas clients.

How to Deduct Travel Expenses

As a lawyer, you often have to travel to serve your clients. Sitting around is simply not an option. Make sure to deduct those travel expenses for your next tax filing.

How To Tell Whether Your Bad Date is Tax Deductible

Deducting entertainment expenses is complicated to do. Nonetheless, if done right, you may be able to write off that bad date you recently went on.

7 Reasons You Might Get Audited

Unfortunately, there is no full-proof way to prevent a tax audit. But unexpectedly preparing for and enduring an IRS audit is a major time suck and about as entertaining as watching paint dry.

Luring Law Students With Phony Employment Statistics Is (Somehow) Not Fraud

In 2011, Anna Alaburda alleged that the Thomas Jefferson School of Law fraudulently reported its post-graduate employment statistics in an effort to lure prospective students who didn’t know any better. She learned that her school (along with other law schools) tried to fool prospective students by including low paying non-legal positions including retail, food service, […]

The Pros and Cons of Incorporating Your Practice As A Solo Practitioner

Setting up a business entity can minimize your annual tax bill. Many successful solo attorneys operate their practice as a corporation or other separate entity. Here's how you will determine if that is right for you.

How Attorneys Can Help Lottery Winners

Last week, three Powerball ticket holders won the record $1.6 billion jackpot. Lottery winners are advised to hire an attorney to protect their money from scammers, opportunists and tax collectors. Here are some of the common issues that lottery winners and overnight millionaires will face. Ticket Disputes A large jackpot involving multiple people can lead […]