Contingent Fee

[ILLMAS]

Has anyone here ever charged a contingent fee for saving a TP taxes on a proposed IRS audit adjustment?  Do you let the client know in the engagement letter upfront of the contingent fee or is it decided after you have closed the case? 

 

Thanks

[kcjenkins]

You would need to discuss up front the TERMS of the contingent fee, but clearly the AMOUNT could only be determined after the case is settled.