What is the name of your state?What is the name of your state?What is the name of your state? Texas
I may be getting a large lawsuit settlement from a brokerage firm. The case was taken on a contingency basis. Since I'll be responsible for income tax on the whole of any settlement -- my percentage and the lawyer's -- , is there any way to minimize the tax implications? We have not yet entered into settlement negotiations with the brokerage firm.
I may be getting a large lawsuit settlement from a brokerage firm. The case was taken on a contingency basis. Since I'll be responsible for income tax on the whole of any settlement -- my percentage and the lawyer's -- , is there any way to minimize the tax implications? We have not yet entered into settlement negotiations with the brokerage firm.