Jeremy Babener, with Structured Legal. Courtesy photoThe Importance of Plaintiffs Not Letting Defendants Dictate Settlement Tax Strategies
When plaintiffs ignore or defer to defendants on settlement language classifying settlement proceeds, plaintiffs lose the opportunity to influence their tax liability.
November 14, 2024 at 12:02 PM
9 minute read
Tax
Receiving proceeds from a lawsuit settlement will likely be the largest financial transaction a plaintiff experiences in their lifetime. Just like any other major financial change, plaintiffs and their counsel must ensure that the terms of the settlement fit their overall tax and financial plans.
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