Have a Tax Question? Ask a Tax Expert
Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.
When legal counsel earns fees as a result of getting a settlement, the amount is taxed as ordinary income.
counsel may be subject to ordinary income tax, but am I, as a class representative liable to pay for any part of that tax?
You don't pay tax on the fees that are earned by counsel...they do
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