Taxation of Judgements and Settlements
Tuesday, Jan. 7, 2025
1:30-3:30 p.m. Central
2 CPE (2 technical)
Course code: 24WX-3421
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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 objectives
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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. All in-house and public practice tax professionals will benefit from this timely and insightful seminar.
Pricing
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Standard Member Fee |
$89.00
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 Standard Nonmember Fee |
$89.00
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