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-   -   Tax liability (https://www.askmehelpdesk.com/showthread.php?t=461998)

  • Apr 2, 2010, 09:08 AM
    jrileysr
    Tax liability
    Do state and federal taxes come out of a settlement agreement immediately or when filing your tax return?
    Jim
  • Apr 2, 2010, 09:15 AM
    MukatA

    You will report the settlement income (taxable part) on your tax return.

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