Non-Taxable Settlement Proceeds Require Careful Documents

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You must clearly delineate which portion of a settlement relates to personal injuries, recovery of lost profits and other forms of recovery. Otherwise the IRS will take the position which generates the most income tax. The sooner in the process that the tax result is considered, the easier it will be to get a favorable result.

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Bruce Givner
Givner & Kaye, A Professional Corporation

Estate tax planning for high net worth individuals, including post-mortem planning and represention... View Profile »


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