Comments on: Ask the taxgirl: Attorney’s Fees http://www.taxgirl.com/ask-the-taxgirl-attorneys-fees/ Paying taxes is painful... but reading about them shouldn't be. Sat, 21 Nov 2009 12:33:00 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Kelly http://www.taxgirl.com/ask-the-taxgirl-attorneys-fees/comment-page-1/#comment-6020 Kelly Mon, 18 Feb 2008 12:57:23 +0000 http://www.taxgirl.com/ask-the-taxgirl-attorneys-fees/#comment-6020 You're right. I was posting at midnight and wrote faster than I could think - I meant to say that if proceeds were payable to the client, it would make the CLIENT a candidate for AMT. I've fixed it in the post. You’re right. I was posting at midnight and wrote faster than I could think – I meant to say that if proceeds were payable to the client, it would make the CLIENT a candidate for AMT. I’ve fixed it in the post.

]]> By: Mary http://www.taxgirl.com/ask-the-taxgirl-attorneys-fees/comment-page-1/#comment-6021 Mary Mon, 18 Feb 2008 07:55:14 +0000 http://www.taxgirl.com/ask-the-taxgirl-attorneys-fees/#comment-6021 Why would extremely large deductions of this nature make him a candidate for the AMT? As a solo practitioner attorney, he would presumably report the deduction as a business expense on a Schedule C or perhaps an 1120S. I don't see how it could possibly be a tax preference item subject to AMT. Why would extremely large deductions of this nature make him a candidate for the AMT?

As a solo practitioner attorney, he would presumably report the deduction as a business expense on a Schedule C or perhaps an 1120S.

I don’t see how it could possibly be a tax preference item subject to AMT.

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