Did you pay more income tax than you wanted to last year? I imagine you did. But don’t worry, you’re in luck. As a contingency fee-based attorney, you have 100% control over how much income tax you pay in any year.
In this 20-minute webinar with Mike McGarry of Optcapital, we outline a simple strategy — unique to personal injury attorneys — that you can use to use to control your income tax.
What’s the strategy? Electing to receive your legal fee in a future tax year.
Here’s what’s great about this option:
✔️ Fees can be deferred directly from your IOLTA account (no special language needed in the release agreement)
✔️ You can invest an unlimited amount of legal fees on a pre-tax basis — reducing your currently taxable income
✔️ You are not locked into a fixed payment structure (i.e., flexible payout schedule) ✔️ There’s zero defense involvement
✔️ You can invest in a portfolio of your choosing Every attorney that starts using this strategy tells us, “I wish I had started this 5 or 10 years ago.”
You can download Optcapital’s informational PDF at: http://bit.ly/optcapital-booklet
If you have any questions about this webinar or would like to learn more, please contact Greg Maxwell at (801) 683-7362 or at [email protected]