" ... examines the tax consequences to plaintiffs and defendants during and after litigation. It analyzes the tax issues that arise in many different types of lawsuits, from personal injury and wrongful death cases to employment disputes, from business litigation to intellectual property and environmental disputes. Settling a lawsuit or paying a judgment has tax consequences to both payor and payee. This portfolio examines the inclusion in income and character of payments received pursuant to settlements and judgments, as well as the deductibility and reporting of those payments. This portfolio also examines planning techniques which may improve the tax treatment for one or both parties. A wide array of substantive litigation is considered, including the tax aspects of personal physical injury cases, various types of employment-related claims, business recoveries and liabilities, structured settlements, and antitrust payments and recoveries. The tax treatment of legal fees is examined extensively."
Revised edition of: Tax aspects of settlements and judgments / Javed A. Khokhar. Published: Washington, D.C., 2006-2007. Title from title screen (viewed May 14, 2015).
Bibliography, etc. Note
Includes bibliographical references.
Formatted Contents Note
Detailed analysis. Introduction Origin of claim test Payments on account of personal physical injuries or physical sickness Non-personal injury cases Payor's deduction of payments Structured settlements Substantiating tax treatment Working papers.
Digital File Characteristics
System Details Note
Mode of access: World Wide Web.