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David A. Sprecace

Principal attorneys and directors of law firms should be aware that the U. S. Tax Court reclassified contract attorneys of a personal-injury law firm as employees of the firm, and therefore subject to the employment tax provisions of the Internal Revenue Code.  The ruling in Donald G. Cave A Professional Law Corp. v. Commissioner against […]

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Tax issues for solo practitioners and small law firms are pretty much the same as those for other businesses. In order to reduce your chances for an audit, report all income, and don’t over-deduct your expenses. The IRS pays close attention to Form 1099 reporters, so make sure all of that income gets reported on […]

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