Pay taxes on court settlement

I agree - settlements for personal physical injury are generally not subject to tax. You may want to consider structuring the settlement if it is...

I may need the advice from a tax lawyer? Will I have to pay taxes on money that I took out but want to return?

This is not really a tax issue. You are not taxed on cash, but rather on income. But keeping the money in cash is not a great idea from a...

In general, the state of incorporation of your entity is not going to reduce your California state tax burden. That is, if the business is...

Who is legally responsible to file taxes for someone who has deceased? If the deceased owes taxes, who is liable?

A good place to start is whoever is receiving his assets (i.e., bank account, car, cash, etc.). In this situation, there shouldn't be any...

Can the IRS tax you on a court settlement?

I agree with answers above but you should also consider that if you have not claimed any loss on the money you lost in the scam, then this can be...

Employment litigation settlement

There are two questions here. First, is your recovery considered wages for tax purposes, or do you qualify for an exclusion because of personal...

Who is liable to pay Estate taxes in NY state, when two years after all estate funds are dispersed IRS comes with back taxes?

I suspect that NY state can go after the Executor and the beneficiaries, although it's likely to go after the executor first. But another question...

You will want to make sure the transfer is effective under the community property laws of CA. Merely changing title to the shares is not...

Will the British company have to pay US income tax on the profit on this deal?

I agree with Mr. Fazzio - you will need to consult with a tax professional. The answer depends on a number of factors, including how the British...

Does anyone know about overseas freelance taxation?

The artist will need Italian and Finnish tax advice, not US tax advice. Every country has its own tax rules.