Here’s what to know when a legal settlement is paid over time rather than all at once and how it might affect your finances ...

Approximately 6 percent of adult Americans experience an activity-limiting injury every three months, according to the Centers for Disease Control and Prevention (CDC). Injuries can happen because of ...

In California FEHA settlements, plaintiffs often recover damages for both emotional distress and lost wages—but how are those payments taxed? Employers often compel an allocation in damages between ...

The Sixth Circuit affirmed a Tax Court decision that settlement proceeds received for false imprisonment were not excludable under IRC § 104(a)(2) as amounts received due to physical injury. Brenda ...

At this time of the year, seniors, life insurance agents, financial advisors and accounting professionals find themselves immersed in the intricacies of tax preparation. Amid this financial journey, ...