We are in a personal injury settlement. Do we have to pay taxes on the money we get? If the settlement is a real estate income property, can we set up a non-profit organization foundation and put the property under this foundation's name, can we get benefit from the foundation? For example, if we run the foundation, can we get paid for our time? The foundation's purpose is to help people who were damaged from violence. If we are the people damaged from a violence, can we also get the money from the foundation?
1 Answer from Attorneys
Your question is more about tax law than personal injury law. Please re-post it under that category, so that more lawyers with the relevant expertise will see it.