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Tax Implications of Settlements and Judgments - IRS
Nov 19, 2021 If the settlement agreement is silent as to whether the damages are taxable, the IRS will look to the intent of the payor to characterize the
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Definition: settlement payment from 11 USC 101(51A)
(51A) The term settlement payment means, for purposes of the forward contract provisions of this title, a preliminary settlement payment,
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Apr 6, 2016 What you end up doing depends on your personal financial situation, but a good rule to follow is this: give yourself some time to process it all
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