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| Name | Are Lawsuit Settlements or Judgments Taxable? | LawInfo |
| Video Uploader | Video From LawInfo.com |
| Upload Date | This Video Uploaded At 12-12-2011 20:31:24 |
| Video Discription | If you settle or are awarded compensation in a lawsuit, the federal government will not treat that money as taxable income. However, if you receive punitive damages, which go beyond compensatory damages, you likely have to pay taxes on that specific sum of money. To learn more, find a lawyer near you at https://www.lawinfo.com/tax-law/. Visit us: https://www.lawinfo.com/ Follow us: https://www.facebook.com/LawInfo LawInfo.com has been connecting people seeking legal advice or representation with qualified, experienced lawyers since 1994. Browse our nationwide directory to find a lawyer near you or check out our thousands of free articles and videos to learn more about the basics of the law. No matter your legal need, LawInfo is your source for the help you need. |
| Category | Education |
| Tags | Lawsuit | settlements | judgments | lawinfolegalresourcesowl |
