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I am getting a settlement from the Canadian government it is
I am getting a settlement from the Canadian government it is the Indian Residential Schools Settlement Agreement and is not taxable in Canada i am now a resident of the U.S. will i have to claim that … read more
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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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Reciving a award settlement is it taxable. my father took actos
reciving a award settlement is it taxable. my father took actos the Pharm company has settled… read more
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You have advised me that the mesothelioma settlements for my
You have advised me that the mesothelioma settlements for my mother's estate are not taxable. However, the IRS expects me to complete a 1041 form and there are other forms that appear to accompany the… read more
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Do I need to report a lump sum payment of a lawsuit that was
Do I need to report a lump sum payment of a lawsuit that was paid do to loss of life for personal injury and pain and suffering on for 1041 and if so what line… read more
Wallstreet Esq.
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are proceeds from a legal malpractice claim taxable my original
are proceeds from a legal malpractice claim taxable? my original lawyers let my personal injury claim prescribe and I am now suing them for the loss of my claim.The value of my claim against the origi… read more
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The IRS has advised me that I have to file a tax return for
The IRS has advised me that I have to file a tax return for 2008 because they have 1099 on file from my lawyer. It's states as 'other income'. The income were the proceeds from a court award from a pe… read more
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My wife and I were in an accident and are recieving a settlement
My wife and I were in an accident and are recieving a settlement of $465k. Is any of this going to be taxable? The attorney will take 25% leaving us roughly 350K.… read more
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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
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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
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If I have filed a law suite against a daycare for breech of
If I have filed a law suite against a daycare for breech of contract (our child was hurt in an accident), and we win the case, then will that money be taxable? If so, is there any loop holes in the sy… read more
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My wife and I were in an auto accident and are due to receive
My wife and I were in an auto accident and are due to receive a settlement from the insurance company of the person at fault. Do we have to pay taxes on these proceeds? If yes, please provide as much … read more
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An inmate in a CA prison is being threatened with levy for
An inmate in a CA prison is being threatened with levy for unpaid taxes from 2002 tax period. This "income" was actually an award from a personal injury lawsuit while he was incarcerated (he has been … read more
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For class action lawsuit what part of the settlement,
For class action lawsuit: what part of the settlement, if any, has to be claimed as ordinary income? Does it matter if the settlement contains past interest deducted from past tax years?… read more
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if you are paid a loopsome, to pay off a legal fight. We ...
if you are paid a loopsome, to pay off a legal fight. We were told that we can not sue if we took the payoff. can this be added into our income?… read more
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are personl injuries pay offs in a settlement aloud to
are personl injuries pay offs in a settlement aloud to 1099 on the full payment or just what is payed to injured… read more
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my dad was hit by a car and recieved a personal injury ...
my dad was hit by a car and recieved a personal injury cash settlement. He lives in Pa and is retired. Is this money taxable ?… read more
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I was in an auto accident and recieved dissability benifits ...
I was in an auto accident and recieved dissability benifits and also settled my claim with the insurance company, is the money I recieved taxable?… read more
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Wallstreet Esq.

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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.

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