Date/Time
3/24/2025
12:30 PM - 2:30 PM Central
12:30 PM - 2:30 PM Central
Course Registration
Credits
2 Credits
Event Type(s)
Webinars
Event 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.
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
Instructor:
Allison M. McLeod, LL.M., CPA
Fields of Study:
Taxes
Major Topics:
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
Instructor:
Allison M. McLeod, LL.M., CPA
Fields of Study:
Taxes
Major Topics:
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
Location
Webinar
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| 3/24/2025 |    |
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