taxation of settlements – Wagner Tax Law

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March 14, 2013Ben WagnerCategories: Settlements and VerdictsTags: abuse settlement tax, income tax settlement, individual income tax settlement abuse, IRC 104, IRC 104(a)(2), Sexual abuse, sexual abuse tax implications, Small Business Job Protection Act, tax implications settlement, taxation of settlements, taxation of settlements from sexual abuse cases

Are Settlements Compensating for Sexual Abuse Excluded from Gross Income?

There is one important question to ask when evaluating whether settlement proceeds compensating for ...