Attorney fees paid by defendant, not passed through to claimant

February 22, 2021

Share

Q. In a settlement, the plaintiff’s attorney was awarded attorney fees from the defendant as a result of the defendant being sanctioned for missing a pre-trial conference. Because the harm was done to the plaintiff’s attorney, the attorney fee was paid solely to the attorney, and the claimant did not receive any reportable income. With that being the case, would those attorney fees be reportable to the claimant? A. (Answered by a 3rd party, independent advisory services firm offering…

  Become A Member

Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today


Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500