"It is wonderful to spend a few days with friends and family."
"CLE can be expensive: My understanding is that US lawyers can now use a 529 Education plan to pay for CLE (tuition but not travel)."
"Is this something that lawyers are doing, or is it not available if being reimbursed by the firm? And, does it matter if characterized as client development?"
Upcoming events require travel bookings and time spent with friends and family. Continuing legal education (CLE) can be expensive. US lawyers can use a 529 education plan to pay for CLE tuition but not travel expenses. Uncertainty exists about whether 529-funded CLE remains permissible or practical when a firm reimburses CLE costs. The characterization of CLE as client development may affect reimbursement or tax treatment. Lawyers should verify plan rules, firm reimbursement policies, and tax implications before relying on a 529 to fund CLE tuition.
Read at Patently-O
Unable to calculate read time
Collection
[
|
...
]