answersLogoWhite

0


Best Answer

No! Couse weaint own nothin

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Do you have to pay taxes on money received in a settlement if the defendant took your money and did not finish the job?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Has anyone received any of the settlement money from Avandia?

Has anyone receive any payment for avaandia settlement


Settlement agreement is already received in writing but creditors wanted wired check for 8000 dollars settlement payment and not check or money order should one agree to this or not?

No-


When are civil suits paid?

When the Defendant has the money! Joking, of course. This question leaves out a lot of information. Is there a settlement, a judgment, an appeal? Generally, if there is a settlement, the agreement itself dictates when payment is to be made. If there is a judgment, the Plaintiff has many tools to effectuate payment, if the Defendant is not forthcoming with the payment. If the Defendant appeals the judgment, then the Plaintiff will generally have to wait until after the appeal is heard - but this is usually ok since the Defendant will usually have to file a bond in the amount of the judgment to file the appeal (which secures Plaintiffs' damages, should the appeal fail).


Can i Deduct my car accident settlement?

Perhaps you did not phrase the question the way you meant to? If you received a settlement, I am baffled as to why you would think that money you received is tax-deductible. If you still have some expenses that were not covered by the settlement, you may be able to claim a casualty loss deduction or a medical expense deduction. If you paid out a settlement, it would only be deductible if it were a business expense.


Why does judge judy make money?

If you win a settlement, the show pays you within 30 days. Both plantiff and defendant are paid a per diem fee, airfare, and lodging, to appear on the show.


I recently received a civil case judgment which the defendant was found personally liable not his business?

If the defendant was found personally liable, you may not receive much from this judgment. A judgment just says the money is owed, it doesn't provide the remedy for paying it.


What does strict proof mean?

This is a term usually used in civil law cases and, basically it means this. If the Claimant says the Defendant owes him a sum of money and, the Defendant says he doesn't owe any money and, he puts the Claimant to "Strict Proof". That means the Claimant will have to prove beyond all doubt the money is owed. He will have to show all the documentation associated with the dealings between them that the money is owed and that no money has been received.


When does the defendant have to pay the money to the bondsman?

The defendant has to pay the bondsman because they are getting the person out of jail based on their word or cash they give the courts. As the defendant, you have to pay them back.


What does judgment for defendant mean?

"Judgment for Defendant" means that the defendant wins the case. In a criminal case, a judgment for defendant would be a "not guilty" verdict (usually). In a civil case, it would usually mean that the defendant does not have to pay money to the person who sued him or her (known as the "plaintiff").


What is settlement money?

its souljaboybaby


How how can you sue for after car accident if defendant has no money?

If you are in a car accident caused by the defendant, you can recover from the defendant and/or his insurance company. If the defendant has no insurance coverage, and has no money, there is nothing to recover. You may win a judgment, but if the defendant has no money and no property, and is not earning either, you probably won't see much of the award. This is called judgment-proof.Added: Even though the defendant may not have any 'liquid' assets (ready cash) if they own anyting of value, you might look into the possibility of filing a lien against them to be paid off at some future time when they liquidate any asset.


I were in a Car wreck a few years back and received settlement money you are not supposed to touch it tell you are 18 but you were wondering if I can get it early to pay for my house?

You would have to petition the courts to release the money from the trust. Sometimes the settlement money is invested in a structured settlement annuity. If that is what happened, then you could possibly sell the structured settlement. If you sold the structured settlement payments before you are 18, then you need your parent or guardian or a court appointed guardian to support you in court to persuade the judge to allow you to complete the sale and use the money to buy a house. Judges will base their decision on what they think is in your best interest, and a house purchase may be in your best interest.