Legal Question in Tax Law in California

income tax on lawsuit awards

I am in the process of filing a dental malprctice lawsuit. If I win the case are taxes demanded on the award?


Asked on 8/13/06, 2:43 am

1 Answer from Attorneys
Donald Field Donald L. Field, Jr., Attorney at Law

Re: income tax on lawsuit awards

see:

http://www.irs.gov/faqs/faq-kw41.html

if there are any remaining questions your attorney cannot answer for you, you should retain a tax attorney or cpa BEFORE any settlement is reached.

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Answered on 8/13/06, 10:46 am


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