A contingency fee or contingent fee is common in personal injury lawsuits, because those cases usually involve a monetary value. There is a settlement or a judgment that can be anticipated, and ...

A contingent fee is defined as a fee charged for a lawyer’s services only if the lawsuit is successful by either settlement or judgment. The contingent fee is usually calculated based on a ...

Contingency Fees Revisited . The dispute over the proper taxation of contingency fees paid to an attorney continues.Several circuit courts have maintained the amounts were not taxable. A recent case ...

Leeponis, 95 A.D.2d 822 (2d Dept. 1983), the plaintiffs' attorneys were retained pursuant to a contingency fee agreement that tied attorney fees to "all sums recovered" by the plaintiffs. Id. at 822.

In Willie Mae Barlow-Davis (4-27-00, aff’g TC Memo 1998–248), the Eleventh Circuit Court of Appeals held a contingent fee to be excludible. According to that court, under Alabama law, the attorneys ...

Example: The IRS proposes that you owe an extra $100,000. Your accountant or tax lawyer agrees to handle it for 40% of what he saves you. If he saves you $100,000, you owe him $40,000. Contingent ...

Contingency fees and the recession. Contingency-fee arrangements have traditionally been popular with small businesses, start-ups, or litigants facing a much wealthier adversary, but due to the ...

The Rules of Professional Conduct — the ethical rules governing the legal profession — define a contingent fee as “a fee for ... lawyer obtains a $500,000 judgment after four years ...