In most taxable cases plaintiffs are now taxable on the contingent fee portion of their recovery, and not just on their net recovery. Then their lawyers are too. Many call this the “plaintiff double tax.” It resulted from the 2017 Tax Cuts & Jobs Act, and was made permanent by the Big Beautiful Bill. In this episode we discuss when it hits and what trial lawyers can do how to avoid it.

In this Series, TIPS explores what trial lawyers need to know about tax. Trial lawyer Shannon Davis sits down for a multi-part conversation with Jeremy Babener, tax lawyer to plaintiff firms. He advises on cases across the country and vets and designs many of the arrangements we use at settlement.

In this episode of Insider TIPS, Ashley N. Baker, co-editor of Truck Accident Litigation, Fourth Edition, sits down with contributors Mary Eliasen and Robin Squires to discuss their respective chapters. The conversation explores key topics including Insurance and Financial Responsibility and Canadian Truck Accidents.

Purchase your copy of Truck Accident Litigation, Fourth Edition

Most trial lawyers have seen allocations in releases for wages. How about for medical expenses, interest, or particular types of other damages? In this episode we discuss the importance of allocations and how to make sure they’re respected by the IRS.

In this Series, TIPS explores what trial lawyers need to know about tax. Trial lawyer Shannon Davis sits down for a multi-part conversation with Jeremy Babener, tax lawyer to plaintiff firms. He advises on cases across the country and vets and designs many of the arrangements we use at settlement.