QUESTION
What is the tax on a $100000 settlement where $20000 of attorneys fees are also paid?
Asked on Sep 15th, 2017 on Taxation - New Jersey
1 ANSWER
Criminal Defense Attorney serving Toms River, NJ
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Edward J. Dimon
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The key is the reason you are receiving the money. If you were injured, there are no taxes. If you are recovering lost wages, there would be taxation. Ed Dimon, Esq
Answered on Sep 17th, 2017 at 5:32 PM