Webinar: Taxation of Judgements and Settlements
WC1586 | Course | Basic | Scheduled
Description
In the course of legal actions, payments may be made pursuant to a final disposition of a court case or a mutually agreed-upon settlement. This course will cover the tax implications for payments made for personal injury, emotional distress, lost wages, punitive awards, pre- and post-judgement interest, contract claims, among other damages.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Taxes |
Designed For
This course is suitable for Corporate tax and finance personnel, CPAs, CAs EAs, accountants, attorneys and business/financial advisors. All in-house and public practice tax professionals will benefit from this timely and insightful seminar.
Prerequisites
None
Highlights
The major topics covered in this class include:
- Types of damages or remedies that can be awarded or agreed upon pursuant to litigation
- Review of the Internal Revenue Code and regulations governing the taxation of various types of litigation payments
- Suggestions for drafting pleadings or settlement agreements
Objectives
After attending this presentation you will be able to...
- Obtain a working knowledge of the IRC, Treasury Regulations and case law governing the taxation of litigation payments
- Distinguish between the different types of damage payments and whether they are taxable to the recipient or deductible by the payor
- Draft pleadings and agreements to order to allocate the payments among the different categories of damages
- Advise clients on the most advantageous manner of categorizing settlement payments
Preparation
None
Notes
This webinar is provided by CPA Crossings, LLC. After registering for the course, you will receive an email from CPA Crossings with instructions for logging in to the webinar and obtaining your eMaterials.
Prices
- Member (Early Bird)
- $89.00
- Non-Member (Early Bird)
- $89.00
- Member
- $89.00
- Non-Member
- $89.00