What is the main quest of SIM settlements 2?
The main quest of Sim Settlements 2 gives you a reason to rebuild The Commonwealth. Play a pivotal role in its reconstruction while you learn the ropes of our settlement system along the way.
Do you have to pay taxes on a settlement?
Tax Implications of Settlements and Judgments The general rule of taxability for amounts received from settlement of lawsuits and other legal remedies is Internal Revenue Code (IRC) Section 61 that states all income is taxable from whatever source derived, unless exempted by another section of the code.
What happens if a settlement agreement is silent on taxes?
The IRS is reluctant to override the intent of the parties. If the settlement agreement is silent as to whether the damages are taxable, the IRS will look to the intent of the payor to characterize the payments and determine the Form 1099 reporting requirements.
Do I need to file a Form 1099 for a settlement?
Consequently, defendants issuing a settlement payment or insurance companies issuing a settlement payment are required to issue a Form 1099 unless the settlement qualifies for one of the tax exceptions. In some cases, a tax provision in the settlement agreement characterizing the payment can result in their exclusion from taxable income.
Which version to use?
I want settlements but zero hassle, throw down a plan and walk away, visit once in awhile to see how it’s getting on.
Red Rocket in HQ
Hi guys, as the title suggests, my red rocket settlement is duplicated in my hq. On fast travelling to the HQ im surrounded by a mess of plots and scrap items all stacked and have to scrap them to get free. The other option is to walk to the HQ and use the other door.
Disease Management
When I started my current game, diseases "happened" and I couldn't figure out how to find the settlers I needed to cure. It seems more fiddly than it was worth and I turned it off. Now I'm having second thoughts, as it appears to be a major part of the mod.
Diseases?
So people can die in game due to a disease, but do they vanish when they die? I've been giving some settlers legendary gear I don't use and don't want it to just vanish
SS2 City Plans
I’m using SS2 purely to automate settlements and with plans. I just use it to make the commonwealth feel like its repopulating as I clear it and make things interesting.
What is the purpose of IRC 104?
IRC Section 104 provides an exclusion from taxable income with respect to lawsuits, settlements and awards. However, the facts and circumstances surrounding each settlement payment must be considered to determine the purpose for which the money was received because not all amounts received from a settlement are exempt from taxes.
What is the tax rule for settlements?
Tax Implications of Settlements and Judgments. The general rule of taxability for amounts received from settlement of lawsuits and other legal remedies is Internal Revenue Code (IRC) Section 61 that states all income is taxable from whatever source derived, unless exempted by another section of the code. IRC Section 104 provides an exclusion ...
What is employment related lawsuit?
Employment-related lawsuits may arise from wrongful discharge or failure to honor contract obligations. Damages received to compensate for economic loss, for example lost wages, business income and benefits, are not excludable form gross income unless a personal physical injury caused such loss.
What is a 1.104-1 C?
Section 1.104-1 (c) defines damages received on account of personal physical injuries or physical sickness to mean an amount received (other than workers' compensation) through prosecution of a legal suit or action, or through a settlement agreement entered into in lieu of prosecution.
What is an interview with a taxpayer?
Interview the taxpayer to determine whether the taxpayer provided any type of settlement payment to any of their employees (past or present).
What is the exception to gross income?
For damages, the two most common exceptions are amounts paid for certain discrimination claims and amounts paid on account of physical injury.
What is Publication 4345?
Publication 4345, Settlements – Taxability PDF This publication will be used to educate taxpayers of tax implications when they receive a settlement check (award) from a class action lawsuit.
