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Contingency Fee or not?

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    Contingency Fee or not?

    There is an interesting discussion on one of the email groups I read about contingency fees. One person contends that fees deducted from RALS are actually contingency fees because the tax preparer only gets paid if the IRS accepts and pays the refund.

    Most others says it is not a contingency fee because the fee is not based on a % of the refund.

    What are your opinions?
    You have the right to remain silent. Anything you say will be misquoted, then used against you.

    #2
    Based on the definition in Wikipedia http://en.wikipedia.org/wiki/Contingent_fee, I would say no.
    Gary B., E.A.
    ____________________________________
    I make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information.

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