After a bitter dispute, you're collecting a legal settlement. Is it taxable and must you report it? Usually yes, but the tax treatment varies enormously. Consider how you were damaged, how the case was resolved, and how checks and IRS Forms 1099 were issued. See 10 Things To Know About Taxes On Damages.
After a bitter dispute, you're collecting a legal settlement. Is it taxable and must you report it? Usually yes, but the tax treatment varies enormously. Consider how you were damaged, how the case was resolved, and how checks and IRS Forms 1099 were issued. See 10 Things To Know About Taxes On Damages.
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