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Where can you get help dealing with the IRS involving a personal injury settlement?
Wiki User
∙ 16y ago
It is never advisable for an individual to engage in IRS disputes without first obtaining legal advice or better legal counsel. The IRS does have an independent advocate to assists taxpayers in resolving problems. IRS Taxpayer Advocate website http://www.irs.gov/advocate/index.html IRS Taxpayer Advocate phone# 1-877-777-4778, TTT/TTD 1-800-829-4059 While in the past the Taxpayer Advocate was a good resource, they are becoming less and less helpful. You are better off seeking a professional representative (a Tax Attorney, CPA, or Enrolled Agent) who is experienced in dealing with dispute resolutions. The key issue here sounds like whether or not your settlement was taxable. Whether or not a settlement is taxable depends on a lot of factors, and you should seek professional advice. Click on my bio (TaxManEA) and visit our website if you'd like.
Wiki User
∙ 16y ago
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Will my personal injury settlement be taken by by judgments owed on my credit?
Can money from personal injury suit be taken from a creditor
What is the average neck injury settlement involving a auto accident?
$10, at least that's what I got.
What are the advantages of taking a personal injury settlement?
There are a few advantages to taking a personal injury settlement. The biggest advantage to take a settlement is avoiding lengthy court proceedings. It also guarantees a payment award and gets money to the victim faster.
Is a spouse entitled to any part of a personal injury settlement in a divorce?
Yes, a spouse may be entitled to a part of a personal injury settlement in a divorce. This depends on the laws in your state and how long you have been married.
Can medicaid put a lien on your personal injury settlement in NJ?
yes
Do you have to pay workers compensation back from a personal injury settlement?
Yes
How is a personal injury settlement calculated?
You should talk with a layer. There are great <a href=http://swlegalgrp.com/fresno.php>personal injury lawyers in Fresno. </a>
Do you have to report a personal injury settlement as income in New Jersey?
No, compensation for personal injuries is tax exempt.
What is the average settlement payout for personal injury due to negligence by Hotel where you are vacationing?
This is no answer
If you agree to a partial settlement in a personal injury case will you have any say in the final total settlement amount?
yes of course
Can child support take personal injury settlement?
"settlement" ... to collect past-due support, yes.
What is a Structured Settlement Annuity?
Structure settlement annuities are a type of annuity a defendant purchases in a personal injury law suit to pay the injury victim. The payments are free from tax.
