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taxing a judgement

  • Thread starter Thread starter Grendel_01
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G

Grendel_01

Guest
In Missouri, can a settlement reached out of court be taxed?
 


I

I AM ALWAYS LIABLE

Senior Member
My response:

Not for the part of the settlement that represents "personal injury"; i.e., General and Special Damages. But, the portion that represents Lost Wages or Lost Earning Capacity, can be and will be taxed.

IAAL
 
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