Get the news and details description of settlements and related FAQs

did linda tripp get a settlement

Published 3 years agoUpdated 2 years ago

· Tripp Gets $595K Settlement December 2, 2003 / 8:07 AM / CBS/AP Linda Tripp will get more than $595,000 from the Defense Department to settle a lawsuit over the release of confidential personal...

did paula jones get a settlement

Published 3 years agoUpdated 2 years ago

· In the end, Jones settled the case with Clinton on November 13, 1998, receiving $850,000 and no apology. The Washington Post reports Clinton's lawyer Robert S. Bennett as stating the $850,000...

do i have to pay taxes on insurance settlement

Published 3 years agoUpdated 2 years ago

· Money you receive as part of an insurance claim or settlement is typically not taxed. The IRS only levies taxes on income, which is money or payment received that results in you having more wealth than you did before. Because the purpose of insurance is to "make you whole," you should generally only receive enough payment to bring you back to the state you …

do i have to report my settlement to ssi

Published 3 years agoUpdated 2 years ago

What’s this got to do with SSI O’Neill style Space living? A lot. Fundamentally, Nitrogen is a big hole in closed looping offplanet agro, and animal (Human) waste does have Nitrogen and Phosphorus so if you get a big spinner with 50 or a hundred or more Humans then about twice a day from each of them you have raw sources becoming available ...

do lawyers give advances on settlements

Published 3 years agoUpdated 2 years ago

Our experienced attorneys handle a variety of accident and injury cases throughout Virginia. Free legal consultations at (804) 250-5050.

do you have to pay taxes on a legal settlement

Published 2 years agoUpdated 2 years ago

Refund of withheld income taxes – If you received pay during the year and had income tax withheld, you may want to file a return to obtain a refund of the amount withheld. Earned income tax credit – This benefit is a refundable credit, meaning even if you do not owe taxes, you can still get a refund. Depending on your income and the number of children you have, lower …

do you have to pay taxes on court settlements

Published 3 years agoUpdated 2 years ago

If you agree to pay or receive a lump sum of property in the divorce rather than a smaller monthly payment structure, you will have to pay taxes on that payment. Of course, check with a financial planner, accountant, or another tax professional on this before you make any decisions moving forward. Taxes, like the law, can be a complicated ...

do you have to pay taxes on legal settlements

Published 2 years agoUpdated 2 years ago

· If your legal settlement represents tax-free proceeds, like for physical injury, then you won't get a 1099: that money isn't taxable. There is one exception for taxable settlements too. If all or part of your settlement was for back wages from a W-2 job, then you wouldn't get a 1099-MISC for that portion.

do you have to pay taxes on personal injury settlements

Published 3 years agoUpdated 2 years ago

· If you then receive this money back in the form of compensation for your injuries, then you will need to pay the taxes you didn’t pay when taking this money as a deduction. Essentially, the IRS doesn’t permit anyone to get a tax deduction twice—if you already deducted the sum of your medical bills from your taxes last year, you’ll need to pay income tax when …

do you pay tax on divorce settlement

Published 3 years agoUpdated 2 years ago

According to the lump-sum divorce settlement calculator, any transfer made as a result of a divorce, whether 401k or other retirement funds, is generally tax-free. As a result, Uncle Sam normally ends up with nothing.