Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
If I received a settlement from a bodily injury lawsuit is
If I received a settlement from a bodily injury lawsuit is that taxable? And if not, do I have to report it on my taxes, and if so, why.… read more
Barbara
Barbara
Enrolled Agent, Paralegal
14,994 satisfied customers
Due to being hit by an at fault driver, my wife received
Due to being hit by an at fault driver, my wife received 25,000 (the max limits) of the at fault drivers auto policy from Nationwide, and 100,000 from her own travelers auto policy under the "under-in… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,424 satisfied customers
I wanted to know if I could write off medical on my taxes..
I wanted to know if I could write off medical on my taxes.. My husband and i were in an accident and had State Farm and had uninsured on our policy and my husband was going to receive $100K for his pa… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,902 satisfied customers
Got a settlement and suffering in the amount of 32000 but
Got a settlement for pain and suffering in the amount of 32000 but also had to pay some legal fees out of it is this taxable when filing my taxes I'm a single mom with 3 kids… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,424 satisfied customers
I have a question about an auto accident settlement I received
I have a question about an auto accident settlement I received a settlement for $34,000 for which $19,000 was for medical expenses and $15,000 for bodily injuring. Will I need to use any of this as in… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I was awarded a settlement of $42,500 for descrimination and rape by the EEOC in a private
I was awarded a settlement of $42,500 for descrimination and rape by the EEOC in a private settlement. My attorney agreement 33.3% plus cost and expenses. The settlement was listed as $8,000 backpay l… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I was out of work on disability and was subsequently laid off.
I was out of work on disability and was subsequently laid off. I had been paid severance through 10/31/09, which my Human Resource department said was my "short term disability". I filed a claim again… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,618 satisfied customers
How would the various aspects (lost income, pain & suffering,
How would the various aspects (lost income, pain & suffering, punitive, etc.) of a product malpractice legal settlement be taxed?… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
A law suit was filed because inadequate warning about the dangers
A law suit was filed because inadequate warning about the dangers of a consumer product (drug) and the loved one suffered a 2 year medical problem. The product sold did not warn the patient of potenti… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am receiving monetary compensation as a result of a class
I am receiving monetary compensation as a result of a class action litigation. A settlement was reached and the monies are to be allocated over a six year period. The money damages are for compensatio… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My wife is about to settle with an auto insurance company from
My wife is about to settle with an auto insurance company from an accident over a year ago. The settlement will be for medical expenses incurred by us as well as personal injuries sustained by my wife… read more
TaxMomNJ
TaxMomNJ
Tax Advisor
Associate Degree
158 satisfied customers
I reached a settlement with a company, I withdrew my charges
I reached a settlement with a company, I withdrew my charges in exchange for a cash settlement. Is it taxable?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
After receiving a settlement payment for agreeing not to ...
After receiving a settlement payment for agreeing not to pursue complaints about a former employer (and separating from them) I was told the settlement amount was not taxable. My CPA reported the amou… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
are there taxes on a court settlement against a large ...
are there taxes on a court settlement against a large company paying the individuals on that settlement? The settlement was arround 100,000 dollars per each individual settlement.… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
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
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
Is workers compensation benefits as a result of an ...
Is workers compensation benefits as a result of an accident taxable? If one receives a settlement from an insurance company (an auto accident) for pain and suffering and injury, is this taxable income… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
I am receiving a settlement check from my former place ...
I am receiving a settlement check from my former place of employment for 25,000$. How much of that will need to be allocated towards taxes. I reside in philadelphia.… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
I have received $5,000 for a bodily injury claim for a car ...
I have received $5,000 for a bodily injury claim for a car accident I had on 2-5-05. My car was totaled and I received $1,700 for that. $2,100 was paid for medical expenses. I assume that both the $1,… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x