23WX-4145: Taxation of Judgements and Settlements (Webinar)
Tuesday, April 30, 2024
12:30pm - 2:30pm Central Time
2 CPE (2 technical)
In the course of legal actions, payments may be made pursuant to a final disposition of a court case or a mutually agreed-upon settlement. This course will cover the tax implications for payments made for personal injury, emotional distress, lost wages, punitive awards, pre- and post-judgement interest, contract claims, among other damages. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Major subjects
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Types of damages or remedies that can be awarded or agreed upon pursuant to litigation
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Review of the Internal Revenue Code and regulations governing the taxation of various types of litigation payments
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Suggestions for drafting pleadings or settlement agreements
Learning objective(s)
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Obtain a working knowledge of the IRC, Treasury Regulations and case law governing the taxation of litigation payments
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Distinguish between the different types of damage payments and whether they are taxable to the recipient or deductible by the payor
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Draft pleadings and agreements to order to allocate the payments among the different categories of damages
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Advise clients on the most advantageous manner of categorizing settlement payments
Who should take this program?
Corporate tax and finance personnel, CPAs, CAs, EAs, accountants, attorneys and business/financial advisors
Fees
Our records indicate
you are a
nonmember.
If you register, you will be charged
$89.00
(Standard Nonmember Fee).
Members: Please
log in
to receive member fee.
|
Standard Member Fee |
$89.00
|
 Standard Nonmember Fee |
$89.00
|
