Im an attorney that lived in one state and moved to another recently. Now I’m about to receive a large referral fee from my old firm who I left a case there with. I know they are going to give me a 1099-misc with it. I’m wondering from a tax perspective, what can I do to lower my eventual tax bill if anything? If I open up a law firm (which I plan on doing anyway) where I currently am, would that do anything? Any advice on who I can talk to about this? Thanks for any help.

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My advice is find a CPA who handles law firm taxes. There are many such people at there and if you have. A nice fee coming in now is the time to get one. Silver Peaks is one such firm.

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