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Contingency fees may be taxable: If your settlement is non-taxable, legal fees won't affect your taxable income. Accident and personal injury cases, like a slip-and-fall or worker's compensation ...
Apr. 10—Question : My mom received a settlement check from the Kalima v. State of Hawai 'i class action lawsuit. She has not received any other document, including a 1099, that indicates any ...
Tax implications: The IRS counts the forgiven portion of your debt as taxable income, which may result in additional tax liabilities. How to settle debt If you decide you want to try debt ...
A settlement, as well as dealing with the dispute between the parties is a contract between those parties, and is one possible (and common) result when parties sue (or contemplate so doing) each other in civil proceedings. The plaintiffs and defendants identified in the lawsuit can end the dispute between themselves without a trial. [2]
On Feb. 28, Kobe Bryant's widow Vanessa Bryant reached a settlement with Los Angeles County to the tune of nearly $29 million regarding the unlawful leak of photos from the site of the helicopter...
TurboTax agreed to shell out $141 million to settle a lawsuit accusing the company of misleading customers by promising free tax-filing services. The settlement called for reimbursing nearly 4.4 ...
Many of these cases have lead to class action lawsuits and proceedings by the Federal Trade Commision (FTC), resulting in a number of settlements worth millions — or even billions — of dollars ...
New York v. Trump is a civil investigation and lawsuit by the office of the New York Attorney General (AG) alleging that individuals and business entities within the Trump Organization engaged in financial fraud by presenting vastly disparate property values to potential lenders and tax officials, in violation of New York Executive Law § 63(12).