A series of cases by the Tax Court and Courts of Appeal have focused attention on a highly important question: is a successful plaintiff required to report the entire judgment or settlement recovery (including the attorney’s fee) into income? Or, can the attorney’s fee be deducted from the recovery amount?
"Handling Legal Fees In Settlements,"
Agricultural Law Digest: Vol. 11
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol11/iss17/1