The 2,100-page Infrastructure Bill is full of payoffs for special interests. One of the most egregious examples is the change in the tax law granting trial attorneys to deduct legal fees as they incur them – even though these fees may be reimbursed by their clients at a later date.
The up front fees have never been deductible. These fees have been treated like non-deductible loans to clients since they may eventually get reimbursed at the end of the case when the client settles or wins.
Attorney Steven A. Leahy reveals the new generous for Trial Attorneys hidden in the new law.