Taxable Awards – The Burns Firm – Advisors of Complex Financial Matters

The Tax Rules for Legal Awards and Settlements: What Recipients Should Know

May 15th, 2025|Categories: Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Legal Awards and Settlements, Nontaxable Awards, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Law, Taxable Awards|Tags: CPA, cpa near me, Dallas CPA, Nontaxable Awards, tax, tax advisor, Tax Rules for Legal Awards and Settlements, Taxable Awards, Texas CPA, The Burns Firm|

If you’ve recently received a settlement or award from a lawsuit, or you’re expecting one, you may be wondering how the IRS views this money. Will you need to pay [...]