Tax
Jun. 23, 2021
You stole my pension money — pay up, taxes too
Legal disputes come in all shapes and sizes. And there are almost always tax issues for plaintiffs, defendants, or both. Plaintiffs receiving money worry if and how it is taxable, whether they can deduct or offset their attorney fees, and more. Even without the special and complex rules governing qualified pension and retirement plans, the tax treatment of a legal settlement can be daunting.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Legal disputes come in all shapes and sizes. And there are almost always tax issues for plaintiffs, defendants, or both. Plaintiffs receiving money worry if and how it is taxable, whether they can deduct or offset their attorney fees, and more. Even without the special and complex rules governing qualified pension and retirement plans, the tax treatment of a legal settlement can be daunting.
Suppose that your employer, broker, or mo...
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