Gerstung
2 Answers
daren1
This depends on what the settlement consist of. Any part of the settlement that is reimbursement for medical expenses or pain and suffering is not taxable. If part of the settlement consists of reimbursement for lost wages, that is taxable. That is because, had you received those wages back then, you would have had to pay taxes on them. It is basically taxable money that you didn't get till after you should have.
| 10 years ago. Rating: 1 | |
Chiangmai
Top contributors in Law & Ethics category
Unanswered Questions
Interiorismo industrial en Barcelona
Answers: 0
Views: 4
Rating: 0
Saransh
Answers: 0
Views: 7
Rating: 0
Are you Need Help in Writing all Assignments?
Answers: 0
Views: 9
Rating: 0
How to resolve QuickBooks Payroll Issues?
> More questions...
Answers: 0
Views: 49
Rating: 0