How Are Court Awards and Out-of-Court Settlements Taxed?

January 4th, 2022|Categories: Burns Firm, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Small Business, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: , , , , , |

Awards and settlements are routinely provided for a variety of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination or harassment. Some of [...]