Legal Question in Civil Litigation in Florida
taxes
I am receiving an award from a tobacco lawsuit in which my mother passed away from tobacco use. There are attorney fees and costs. The amount I receive, do I have to pay income taxes on?
Asked on 11/14/08, 9:03 pm
1 Answer from Attorneys
Brent Rose
The Orsini & Rose Law Firm
Re: taxes
Yes, for the amount that you actually receive, not for the attorneys' fees and costs that are kept by the attorneys. That rule was changed a few years ago.
Answered on 11/14/08, 10:37 pm
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