Court Awards and Out-of-Court Settlements May (or may not) Be Taxed

January 9th, 2024|Categories: Accountant, Burns Firm, Court Settlement Money, CPA, CPA Dallas, CPA near me, Dallas CPA, Services, Settlement Income, Tax, Tax Advisor, Taxable Income, The Burns Firm|Tags: Are My Settlement Awards Taxable, Court Awards and Out-of-Court Settlements May (or may not) Be Taxed, cpa near me, Dallas CPA, tax, tax advisor, taxable income, The Burns Firm, What Income Is Taxable|

Monetary awards and settlements are often provided for an array of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination or harassment. [...]