Are you looking for an editor that will allow you to make that last-moment tweak and Itemize Day Settlement For Free? Then you're in the right place! With DocHub, you can easily apply any required changes to your document, regardless of its file format. Your output files will look more professional and compelling-no need to download any heavy-wight software. You can use our editor at the convenience of your browser.
When utilizing our editor, stay reassured that your sensitive information is encrypted and shielded from prying eyes. We comply with major data protection and eCommerce regulations to ensure your experience is risk-free and enjoyable at every point of interaction with our editor! If you need assistance with editing your document, our professional support team is always here to address all your questions. You can also benefit from our advanced knowledge center for self-guidance.
Try our editor today and Itemize Day Settlement For Free with ease!
hi everyone Im John Miller CPA and here for another video this time were going to talk about settlements from a lawsuit you know sometimes I have clients come to me and they go hey John I just got a settlement from a court case that I won is the settlement taxable and the answer to that question is it depends because this several different kinds of settlements that you can get there are several different kinds of damages out there and depending on what they are will determine whether or not de taxable probably the most frequent one that I get is say somebodys involved in a car accident and they get a settlement from the insurance company now those are compensatory damages or pain and suffering and those damages are not taxable because basically those are damages to compensate you for a loss and so its not really considered to be income because it doesnt make you better off than you were before in other words in order to get a settlement you had to prove that you were damaged and