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Daily Archives: April 14, 2015

Personal Injury | April 14, 2015

What You’ve Always Wanted to Know about Taxes and Your Claim

With the deadline for filing your 2014 taxes with the IRS fast approaching, it’s the perfect time to answer a question that’s on the minds of many personal injury claimants: will they have to pay tax on their settlement or judgment?

The intersection of income taxes and the legal system is so complex that the IRS has written a 30+ page guide on the subject. Fortunately, the