Income Tax Considerations in Litigation (SMTX08/20)
October 24, 2019 @ 1:00 pm - 2:40 pm| $80
There are major taxation issues that arise during general litigation. Be prepared to advise your clients of those issues. This course will cover topics covered include damages, wrongful dismissal, divorce, bankruptcy, real estate, corporate share repurchases, partnership disputes and trusts and estates.
Determining whether the proceeds of a settlement or lawsuit judgment is included in income depends on all the facts and circumstances of a given legal proceeding. Settlement payments or litigation proceeds may consist of multiple elements producing different tax consequences and reporting requirements.
• Determine tax consequences of taxable settlements
• Determine how to properly report taxable settlements and lawsuit judgements
Anthony Rocca, CPA