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 […]
Let’s Not Do Lunch: Alternatives to Meeting Over a Meal
After meeting someone for the first time, it is common to follow up over lunch. But is it really a good use of time to meet over a meal? Here are a number of alternatives to lunch meetings.
Whether Married Lawyers Should File Separate Tax Returns
In most cases, filing jointly is beneficial because you will pay less taxes. But there are some situations that filing separately may be most beneficial financially.
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.
Short-Term Rentals: Your Alternative to Hotels
It gets old paying for expensive hotel rooms lacking personality. Short-term rental companies, like Airbnb, offer an alternative with a few caveats.
The Solo Lawyer’s Guide to Tax Deductions
Minimize your tax bill with deductions and avoid an argument with a tax advisor, or worse, an IRS auditor