Taxation of Judgments & Settlements

Taxation of Judgments & Settlements


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.

 Who should Attend: 
This course is suitable for Corporate tax and finance executives,
directors, managers and staff, CPAs, CAs Enrolled Agents, accountants,
attorneys and business/financial advisors who work with and advise businesses
that have tax implications.  All in-house
and public practice tax professionals will benefit from this timely and
insightful seminar.

Program Content:

· 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.


– After attending this course, the participant should:

· Obtain a working
knowledge of the IRC, Treasury Regulations and case law governing the taxation
of litigation payments.

· Be able to differentiate
between the different types of damage payments and whether they are taxable to
the recipient or deductible by the payor.

· Be able to draft
pleadings and agreements to order to allocate the payments among the different
categories of damages.

· Have an ability to advise
clients on the most advantageous manner of categorizing settlement payments.


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SKU: AM-122.23|Credits: 2| Federal Tax Law|Webinar|Allison McLeod Category: Tag: is registered with the National Association of  State Boards of Accountancy (NASBA) as a  sponsor of continuing professional education  on the National Registry of CPE Sponsors. State boards of accountancy have final authority on  the acceptance of individual courses for CPE  credit. Complaints regarding registered  sponsors may be submitted to the National  Registry of CPE Sponsors through its website: