Asbestos Personal Injury Lawsuit
Are monies received from an
asbestos personal injury lawsuit
settlement taxable if the defendant
does not acknowledge liability?
Asked on 5/07/07, 12:14 am
1 Answer from Attorneys
Regina Mullen
Legal Data Services, PLC
Re: Asbestos Personal Injury Lawsuit
This is something you need to discuss with your attorney prior to settling the lawsuit, because sometimes deals can be structured to minimize taxes.
If it is employment-related, however, tax planning becomes absolutely mandatory.
Answered on 5/07/07, 3:54 pm
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