Legal Defense Fund Donations Should Get Gift Tax Treatment

Law360 (November 18, 2020, 6:36 PM EST) -- Legal defense funds for executive branch officials are back in the news, but a number of tax and government ethics issues raised since the Clinton administration have never been fully resolved. The current ambiguities are not sustainable.

They will lead to aggressive planning by individuals and protracted disputes over the treatment of legal defense funds in the context of politically weaponized litigation, all prospects that are in no one's long-term interest. Fortunately, there is a path forward that should work, even though it will not satisfy everyone.

With the change in government, there will almost certainly be an increase in civil...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!