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yes - make sure you get legal advice on the amount needed to pay. local, state and federal will hound you relentlessly to get their cut.
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Do you have to pay taxes on money received from a civil lawsuit?
In general, money received from a civil lawsuit may be considered taxable income by the IRS. However, there are exceptions for certain types of damages, such as physical injury or sickness. It's best to consult with a tax professional to determine the tax implications of money received from a civil lawsuit.
Is a monetary award from a civil suit taxable?
The taxability of court settlements depends on what the settlement is for. If it is compensation for a loss, in general it is not taxable. If it is a 'penalty' it will be taxable. Your attorney should be able to tell you what is taxed and what is not taxed. Or consult your tax professional.
Are civil lawsuits for sexual harassment taxable?
If it's income... they will tax it. except medical payments.
Do civil action lawsuit proceeds have to be claimed on income tax?
Depends on what the recovery or award was for. General guideliens are if it stated as for replacing property you lost, putting you back where you were (say damamges to your car), it is NOT taxable (presuming you have not taken the amount of that loss as a casulty deduction previously). If it replaces lost income, from work or say rental property (which would have been taxable if you had received it normally), or is punitive in nature, it's taxable. (Although some of the costs of recovery may be deductible).
What are the ratings and certificates for The Civil War - 1990?
The Civil War - 1990 is rated/received certificates of: Australia:G
From whom does the civil government receive its authority?
Civil government in the United States received its authority from the people through the Constitution.
What are the ratings and certificates for Civil War Journal - 1993?
Civil War Journal - 1993 is rated/received certificates of: Australia:PG
Can you be jailed for not paying credit cards?
No, not paying ones debts is a civil issue not a criminal one. Creditors do have options to recover monies owed, from the standard collection practices of telephone and mail contact to lawsuits.
Did the USSR support the civil war in china?
Mao received support from Stalin.
How might one challenge the idea that the US was wiser after the Civil War?
because the u.s. received tons of blowjobs during the civil war
Which European country received the goods from the southern ports during the civil war.?
France
What do I do if I think I received a fake handbag?
There is not much you can do unless you want to persue a civil case.
