The United States Tax Court (Court) recently issued a decision highlighting, yet again, the importan...
Deadline to Appeal Minnesota Department of Revenue Assessment of Additional Tax
The Minnesota Department of Revenue (MDR) generally has 3.5 years from the date a tax return was due...
Awards of Attorneys Fees to the Plaintiff – When Are They Taxable as Wages?
Settlements in legal disputes between employers and employees can vary significantly depending on wh...
Are Settlements Compensating for Sexual Abuse Excluded from Gross Income?
There is one important question to ask when evaluating whether settlement proceeds compensating for ...
Summary of Reporting Obligations: W-2s and 1099s
This is the tenth in a series of articles on issues surrounding the Taxation of Settlements and Verd...
Summary of Withholding and Payment Obligations
This is the ninth in a series of articles on issues surrounding the Taxation of Settlements and Verd...
Summary of Tax Treatment of Settlements and Verdicts
This is the eighth in a series of articles on issues surrounding the Taxation of Settlements and Ver...
Fee Shifting Statutes – Are Awarded Attorney Fees Taxable?
This is the seventh in a series of articles on issues surrounding the Taxation of Settlements and Ve...
Deducting Attorney Fees "Below the Line."
This is the sixth in a series of articles on issues surrounding the Taxation of Settlements and Verd...
Deducting Attorney Fees From the Award – Above the Line
This is the fifth in a series of articles on issues surrounding the Taxation of Settlements and Verd...
Contingent Attorney Fees as Gross Income
This is the fourth in a series of articles on issues surrounding the Taxation of Settlements and Ver...
Protecting the Character of a Settlement or Verdict.
This is the third in a series of articles on issues surrounding the Taxation of Settlements and Verd...
Exclusion from Gross Income under IRC Section 104(a)(2).
This is the second in a series of articles on issues surrounding the Taxation of Settlements and Ver...
Settlements and Verdicts as Gross Income
This is the first in a series of articles on issues surrounding the Taxation of Settlements and Verd...