Avoiding the Plaintiff Double Tax
Jeremy advises plaintiffs and plaintiff lawyers on tax strategies at settlement.
Kent is a settlement planner and attorney in Logan, Utah.
On-Demand: February 7, 2025
1 hour CLE
Tuition: $395.00
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Program Summary
Since the tax law changes in 2018, many plaintiffs have faced unexpected tax burdens, paying more than they should on their settlements. The new rules have eliminated the ability to deduct legal fees, resulting in plaintiffs being taxed on both the settlement amount and the portion allocated to their legal fees. This issue affects various types of taxable damages, such as emotional distress, defamation, harassment, punitive damages, and interest. Fortunately, using trust strategies prior to settlement can help plaintiffs avoid this "double tax" scenario. In this session, we’ll guide plaintiff attorneys through the key information they need to ensure their clients are not overtaxed.
This course is co-sponsored with myLawCLE.
Key topics to be discussed:
- Impact of the plaintiff double tax on settlement outcomes
- When and how the double tax applies in different case types
- Effective strategies plaintiff attorneys can take to protect clients
Closed-captioning available
Speakers
Jeremy Babener | Structured Consulting
Jeremy advises plaintiffs and plaintiff lawyers on tax strategies at settlement. He serves on the legal committees of the three national settlement planning associations, and previously served in the U.S. Treasury’s Office of Tax Policy.
Kent Hansen | Amicus Law Firm
Kent is a settlement planner and attorney in Logan, Utah. Kent’s education includes a law degree from Texas Tech University School of Law, a master’s degree in Personal Financial Planning from Texas Tech University, and a bachelor’s degree in History from Utah State University.
He is a current board member of the Estate Planning Council of Northern Utah and a former board member of the Society of Settlement Planners.
Agenda
I. Impact of the plaintiff double tax on settlement outcomes | 2:00pm – 2:20pm
II. When and how the double tax applies in different case types | 2:20pm – 2:40pm
III. Effective strategies plaintiff attorneys can take to protect clients | 2:40pm – 3:00pm
Credits
Alaska
Approved for CLE Credits
1 General
Alabama
Approved for Self-Study Credits
1 General
Arkansas
Approved for CLE Credits
1 General
Arizona
Approved for CLE Credits
1 General
California
Approved for CLE Credits
1 General
Colorado
Pending CLE Approval
1 General
Connecticut
Approved for CLE Credits
1 General
District of Columbia
No MCLE Required
1 CLE Hour
Delaware
Pending CLE Approval
1 General
Florida
Approved via Attorney Submission
1 General hour
Georgia
Approved for CLE Credits
1 General
Hawaii
Approved for CLE Credits
1.2 General
Iowa
Pending CLE Approval
1 General
Idaho
Pending CLE Approval
1 General
Illinois
Pending CLE Approval
1 General
Indiana
Pending CLE Approval
1 General
Kansas
Pending CLE Approval
1 Substantive
Kentucky
Pending CLE Approval
1 General
Louisiana
Pending CLE Approval
1 General
Massachusetts
No MCLE Required
1 CLE Hour
Maryland
No MCLE Required
1 CLE Hour
Maine
Pending CLE Approval
1 General
Michigan
No MCLE Required
1 CLE Hour
Minnesota
Approved for Self-Study Credits
1 General
Missouri
Approved for Self-Study Credits
1.2 General
Mississippi
Pending CLE Approval
1 General
Montana
Pending CLE Approval
1 General
North Carolina
Pending CLE Approval
1 General
North Dakota
Approved for CLE Credits
1 General
Nebraska
Pending CLE Approval
1 General
New Hampshire
Approved for CLE Credits
60 General Minutes
New Jersey
Approved for CLE Credits
1.2 General
New Mexico
Approved for Self-Study Credits
1 General
Nevada
Pending CLE Approval
1 General
New York
Approved for CLE Credits
1.2 General
Ohio
Approved for Self-Study Credits
1 General
Oklahoma
Pending CLE Approval
1 General
Oregon
Approved for Self-Study Credits
1 General
Pennsylvania
Approved for Self-Study Credits
1 General
Rhode Island
Pending CLE Approval
1 General
South Carolina
Pending CLE Approval
1 General
South Dakota
No MCLE Required
1 CLE Hour
Tennessee
Approved for Self-Study Credits
1 General
Texas
Pending CLE Approval
1 General
Utah
Pending CLE Approval
1 General
Virginia
Not Eligible
1 General hour
Vermont
Approved for CLE Credits
1 General
Washington
Approved via Attorney Submission
1 Law & Legal Hours
Wisconsin
Approved for Self-Study Credits
1 General
West Virginia
Pending CLE Approval
1.2 General
Wyoming
Pending CLE Approval
1 General
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