About This Course
This CLE explores the tax issues that routinely arise in civil disputes and settlements. Participants will examine how federal income tax law characterizes different types of monetary recoveries and how those classifications influence a client’s ultimate financial outcome.
The program also addresses the rules that restrict when parties can deduct payments made to resolve claims. In addition, the presentation will walk through several important tax provisions relevant to litigators, including mechanisms that allow certain damage awards to be reinvested without immediate tax and the treatment of investment losses stemming from fraudulent schemes.
