When is a settlement or court award taxable?
- August 7th, 2023
- David Greene
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When someone is physically injured and gets a money award from settlemenet or trial, that money is not taxable. The key words here are “physical injury.” Emotional distress alone is not cosidered a physical injury and, of course, discrimination is…
Headed for divorce? Here are some tax tips.
- November 17th, 2021
- David Greene
- Comments Off on Headed for divorce? Here are some tax tips.
There are several things I recommend you do if you think you might find yourself going through a divorce, both for future tax audit sake and to make sure all assets are revealed. First, copy all of your financial records…