Patrick McNulty and I recently published a CAOC Forum article titled “Structuring Strategies Beyond Fees.”
In 1996, Childs v. Commissioner of the Internal Revenue Service supported the use of structures to defer the receipt of attorney fees. The same structuring strategies can be used when selling your law practice, business, or commercial or personal property. Money placed in an annuity is only taxed upon withdrawal, avoiding a big tax bite if the money is received all at once.
These types of structures could possibly be part of your overall financial strategy.
Please contact Patrick or me with any questions.
Pat Farber
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