Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: KidGlock
I have a problem with this, in that if the total is considered income, then the cost of earning that income should be deductible. The cost of earning this income is the lawyer fees...

Just as I would not pay tax on gross receipts of a lawn business (if I had to rent the equipment, or paying an employee - I would get to deduct the cost of doing business),

In this case, the lawyer is my employee. I would send the law firm a 1099, and deduct it as a business expense.
10 posted on 01/26/2005 10:10:11 AM PST by babygene (Viable after 87 trimesters)
[ Post Reply | Private Reply | To 3 | View Replies ]


To: babygene
In this case, the lawyer is my employee. I would send the law firm a 1099, and deduct it as a business expense.

Are you in business?

21 posted on 01/26/2005 10:41:53 AM PST by CharacterCounts
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson