Yes on both but not on the interest.
The tax implications of an EEOC settlement can vary based on the nature of the settlement. Generally, compensatory damages for lost wages are taxable and should be reported as income, while damages for emotional distress may be non-taxable if not tied to physical injuries. It's advisable to consult a tax professional for personalized guidance, as individual circumstances can affect tax liability. Additionally, legal fees may be deductible in certain cases, impacting the overall tax situation.
it means you have to pay your taxes
Company and non company
If you mean for filing your return for income earned in 2012 the normal date would be April 15, 2013 unless you file an extension which gives you until October 15, 2013. Remember that the extension is only an extension to file and not an extension to pay any taxes that may be due. If you do not pay the taxes due then interest and penalties for non-payment of taxes will be assessed. If you don't file your taxes or an extension by April 15, 2013 then you will be assessed penalties and interest for non-payment of taxes and for non-filing of the return on a timely manner.
current liability
Compensatory damages in a legal case can include economic damages (such as medical expenses or lost wages) and non-economic damages (such as pain and suffering or emotional distress).
Non-pecuniary damages, also known as non-economic damages, refer to compensation awarded to a plaintiff in a legal case for intangible losses that cannot be easily quantified in monetary terms. These damages may include pain and suffering, emotional distress, loss of enjoyment of life, and loss of consortium or companionship. They are meant to compensate for the physical and psychological harm endured by the plaintiff, rather than financial losses.
It refers to money or finance. As in; She did the job for pecuniary gain.
Non-pecuniary relief is also called equitable relief. It is the type of relief given where money damages cannot adequately redress the damages suffered. In contract and tort actions, money damages, or pecuniary relief, is usually sufficient to adequately compensate the injured party. But there are instances where money damages are not adequate. Some examples are : injunctions to prohibit injurious behavior before it happens as in labor disputes; partitions of real estate when co-owners cannot get along; setting aside of wills: forcing specific performance of certain kinds of contracts; the modern actions in lieu of prerogative writs.
relating to or involving money is the meaning of pecuniary.So non pecuniary is just the opposite.Many of these programs are non pecuniary forms of compensation that certain employees value enormously.
Benefit of the Bargain is a type of consequential damages in contract law, aiming to compensate the non-breaching party for the loss of the full value or benefit that would have been received had the contract been performed as agreed. This type of damages seeks to put the non-breaching party in the position they would have been in if the contract had been fulfilled.
The meaning of non-pecuniary cost borrowing is the when a person borrows money for buying a product including time to shop for it.
In a personal injury case, a plaintiff may recover both compensatory and punitive damages. -Compensatory damages -Punitive damages -Monetary losses -Non-monetary losses If those who have caused you harm refuse to give you the amount of personal injury compensation you and your loved ones can contact Lawyer4Help USA by calling +1 (307) 828 1476
Pecuniary is an English word meaning of or pertaining to money, it derives from the Latin pecunia (meaning money) as in the phrase, pecunia non olet.
non financial loss, e.g. loss in the form of pain and suffering or mental duress
Contract law is a very complicated area of law. The answer depends on the contract, the circumstances of the breach and state laws. Remedies can include compensatory damages, consequential damages, punitive damages and a court order that requires performance exactly as outlined in the contract. You can read more about it at the related link.
Tolerance is acquired by compensatory mechanisms in the endocrine and nervous systems.