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  2. Are Legal Fees Tax-Deductible? - AOL

    www.aol.com/finance/legal-fees-pay-tax...

    Legal fees related to disputes over inheritance or will contests are also generally not tax-deductible. If you’re involved in a civil lawsuit unrelated to your business, the legal fees incurred ...

  3. Taxation of illegal income in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_of_illegal_income...

    The taxpayer subsequently deducted the legal fees he spent while defending himself. [8] The U.S. Supreme Court held that the taxpayer was allowed to deduct the legal fees from his gross income because they meet the requirements of §162(a), [ 9 ] which allows the taxpayer to deduct all the "ordinary and necessary expenses paid or incurred ...

  4. Form 1040 - Wikipedia

    en.wikipedia.org/wiki/Form_1040

    Thus, somebody with a taxable income of $50,000 (over a million dollars in 2015 dollars according to the BLS) [61] would pay a total of $800 (1% of $50,000 + 1% of $(50,000 − 20,000)) in federal income tax. At the time (when the United States as a whole was much poorer) these higher taxes applied to fewer than 0.5% of the residents of the ...

  5. Testamentary trust - Wikipedia

    en.wikipedia.org/wiki/Testamentary_trust

    A testamentary trust is a legal arrangement created as specified in a person's will, and is occasioned by the death of that person. It is created to address any estate accumulated during that person's lifetime or generated as a result of a postmortem lawsuit, such as a settlement in a survival claim, or the proceeds from a life insurance policy ...

  6. Are financial advisor fees tax deductible? - AOL

    www.aol.com/finance/financial-advisor-fees-tax...

    Accounting fees. Fees paid to brokers or trustees to manage investment accounts. Fees paid for legal counsel and tax advice. Investment publication subscription costs. Rental fees for a safe ...

  7. Court costs - Wikipedia

    en.wikipedia.org/wiki/Court_costs

    $200 fee for those convicted of felony, $50 for misdemeanor, with many additional costs depending on the crime [14] Florida is known to use a large number of fees, these can be collected from defendants with a 40% surcharge [15] Georgia: Georgia assesses a 10% additional fee if a defendant challenges a traffic violation and is found guilty [16 ...

  8. Understanding eligible expenses for HRAs, QSEHRAs, and ICHRAs

    www.aol.com/understanding-eligible-expenses-hras...

    Lab fees. Physical therapy. Prescription medications. Psychiatric care provided by a licensed professional. Smoking cessation programs. Surgery (excluding cosmetic) Vision care.

  9. Attorney's fee - Wikipedia

    en.wikipedia.org/wiki/Attorney's_fee

    A contingent fee, or contingency fee, is an attorney fee that is made contingent on the outcome of a case. A typical contingent fee in a tort case is normally one third to forty percent of the recovery, but the attorney does not recover a fee unless money is recovered for the client. States prohibit contingent fees in certain types of cases.