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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 ...
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 ...
Debt settlement (also called debt reduction, debt negotiation or debt resolution) is a settlement negotiated with a debtor's unsecured creditor. Commonly, creditors agree to forgive a large part of the debt: perhaps around half, though results can vary widely. When settlements are finalized, the terms are put in writing.
The settlement of the lawsuit defines legal requirements of the parties and is often put in force by an order of the court after a joint stipulation by the parties. In other situations (as where the claims have been satisfied by the payment of a certain sum of money), the plaintiff and defendant can simply file a notice that the case has been ...
As a result, Wells Fargo settled for a whopping $3.7 billion settlement — $1.7 billion going to a victims fund and $2 billion going back to consumers. The settlement includes those who received ...
With the jury seated and attorneys about to make their opening statements, Davis announced Dominion and Fox News had reached a settlement. Fox agreed to pay Dominion $787.5 million. At the time of the settlement, Fox Corporation had $4.1 billion cash on hand. [59] Deadline Hollywood reported that the payment would be tax-deductible for Fox. [60]
While embezzlers, thieves, and the like are forced to report their illegally acquired income for tax purposes, they may also take deductions for costs relating to criminal activity. For example, in Commissioner v. Tellier, a taxpayer was found guilty of engaging in business activities that violated the Securities Act of 1933. [10]
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...