Compensatory Damages › Settlement

IRS Reporting Requirements for Class Action Settlement Payments and Court Awarded Damages

When finalizing class action settlements, or paying damage awards after a class action judgment, it is important to be mindful of the taxation of these payments and the related IRS information reporting requirements triggered...more

Do I Have To Pay Taxes On My Personal Injury Settlement?

A personal injury lawsuit can be a long journey. Starting with an injury that may be painful, life altering and debilitating, it continues with an investigation, lawsuit, discovery, and in some instances, trial. Reaching a...more