Legal Question in Tax Law in California
income taxes on settlement
What income tax implications should considered when agreeing to a settlement amount?
Asked on 10/17/06, 7:03 pm
1 Answer from Attorneys
Donald Field
Donald L. Field, Jr., Attorney at Law
Re: income taxes on settlement
you should retain a tax attorney or cpa who can advise you regarding tax aspects of settlements - before the agreement is finalized.
Answered on 10/18/06, 9:32 pm
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