We Have an Answer.
By Jim Conley • Jun 29th, 2006 • Email This Post to a Friend •
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On the subject of legal fees (and their taxability) paid to the DPW Commissioner A. Thomas DeMaio. According to an expert who is both a lawyer and a CPA, reimbursement of legal fees by an employer is taxable income under the Internal Revenue Code, Section 61.
Sometimes when you rush to pay a crony, it has the effect of making someone else pay. That is, assuming that the Town has withheld the taxes…and plans to send a form 1099 to Jeffrey Allen.
Jim Conley is publisher of On Brookline.
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