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I received a lawsuit settlement for "emotional distress" on
I received a lawsuit settlement for "emotional distress" on a Form 1099-MISC. Is this taxable? Because there is a 1099 how do I show it on the tax return? … read more
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I was offered a breach of employment contract settlement
I was offered a breach of employment contract settlement with 90% award for emotional distress and 10% loss wages. My attorney says the emotional distress award is taxed at a rate far less than my inc… read more
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Ed, my wife was awarded a settlement from her work after she
my wife was awarded a settlement from her work after she had her position eliminated because she had contracted ALS, Lew Gehrigs disease and could not talk. Te award was for pain and suffering and reported on a 1099 MISC. IRS publication says that if a settlement is reached awards for pain and suffering are not taxable but its not clear. How would you file that portion of the return? … read more
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I HAVE A SETTLEMENT FROM A LAW SUIT THAT WAS REPORTED ON A
I HAVE A SETTLEMENT FROM A LAW SUIT THAT WAS REPORTED ON A 1099 MISC AND I HAVE BEEN TOLD THAT ITS NON TAXBALE INCOME … read more
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I received a payment damage from my ex employer. As a result
hi I received a payment for emotional damage from my ex employer. As a result of harassment during my pregnancy I had a miscarriage, then as a result of the miscarriage I had scared tissue in my uteru… read more
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I was suit by an employee we settled for $ 65,000 with a
I was suit by an employee we settled for $ 65,000 with a monthly installment of 4000 to plaintiff and 2000 to plaintiff lawyer. how do I report this on form 1099 misc. Per the legal agreement, the def… read more
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To Shane-CPA: In a lawsuit settlement for injury, the issuer,
To Shane-CPA: In a lawsuit settlement for injury, the issuer, instead of issuing two separate 1099-MISCs (2013), one to attorney and another to taxpayer, issued just one 1099-MISC for a large amount, … read more
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I am getting an eeoc settlement. How do I lower my tax liability.
I am getting an eeoc settlement. How do I lower my tax liability. Someone tells me to do 1099 . And someone else told me to insist that a portion be back wages on W2… read more
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I received a 1099-Misc for the compensatory damages that does
I received a 1099-Misc for the compensatory damages that does not include the attorney fees. Is this taxable? How do I report this on my income taxes? This was a settlement agreement for wrongful dism… read more
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In 2010 I received a sexual harassment settlement by my employer.
In 2010 I received a sexual harassment settlement by my employer. Is it taxable? I see the distinction about emotional vs. physical sickness determining whether settlements are taxable. The harassment… read more
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I received a $100,000.00 dollar settlement from my former employer.
I received a $100,000.00 dollar settlement from my former employer. This was from a lawsuit filed against them for wrongful termination as I have MS, was employed there for 15 years without any docume… read more
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I am going to be a recipient of money from a class action lawsuit.
I am going to be a recipient of money from a class action lawsuit. Will this money be considered taxable income?… read more
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if i had a lawsuit and settled out of court for a sexual harassment
if i had a lawsuit and settled out of court for a sexual harassment case, my lawyer told me to fill out a 1099 form, will this income be taxable?… read more
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I you are getting a settlement on an automobile accident, do
I you are getting a settlement on an automobile accident, do you have to pay taxes on it when the check clears?? Is there any way around that?… read more
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Yes. they issued a payroll check as the settlemnt check and
Yes. I settled an employment discrimination lawsuit. EEOC allowed me to sue. I settled. they issued a payroll check as the settlement check and a W-2 at year end. This is fraud. I am disabled and cann… read more
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i just recieved a settlement from a previous employer for a ...
i just recieved a settlement from a previous employer for a wrongful termination suit. they are not taking out any taxes from the final check. how can i limit my tax liability? any certain investments… read more
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We received a non judgement settlement in a suit filed ...
We received a non judgement settlement in a suit filed against a former employer for descrimination. Is the full amount settled taxable?… read more
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I received a settlement 1/7/2005 as a result of a lawsuit.
I received a settlement 1/7/2005 as a result of a lawsuit. The party paid me two (2) checks: 1)lost wages reported to me on form W-2 (taxes were deducted); and 2)emotional distress settlement reported… read more
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