K
knickknack
Guest
What is the name of your state? I live in NC but had a law suit in MS and received settlement on it. My attornies told me I did not, or should not have to pay taxes on it since it was not income compensation. No where on the paper work acccompaning the settlement check does it really state what it is for that I can locate. My attornies on the case said since I was constently going to the shrink and suffering from injuries casued or induced from Post Traumatic Stress Disorder (self inflicted injuries during severe mental distress) I should not have to pay taxes on the settlement. the settlement was approx. $45,000 and I received it in Oct of this year. How do I find out if I have to pay taxes on it?