Sec. 3316. Uniform treatment of expenses in contingency fee cases
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/bill/115/hr/1/eh/section-3316A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 162 , as amended by the preceding provisions of this Act, is amended by redesignating subsection
(r)as subsection
(s)and by inserting after subsection
(q)the following new subsection: No deduction shall be allowed under subsection
(a)to a taxpayer for any expense— paid or incurred in the course of the trade or business of practicing law, and resulting from a case for which the taxpayer is compensated primarily on a contingent basis, until such time as such contingency is resolved. . The amendment made by this section shall apply to expenses and costs paid or incurred in taxable years beginning after the date of the enactment of this Act.