Taxing questions confront lawyers for both plaintiffs and defendants at the conclusion of employment cases. Whether a case ends by settlement or verdict, tax issues can significantly lessen the amount of recovery, which makes reaching a settlement more difficult or makes a plaintiff less satisfied with a judgment. This article provides an overview of the tax treatment awards in employment cases receive.
April 14, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Taxing questions confront lawyers for both plaintiffs and defendants at the conclusion of employment cases. Whether a case ends by settlement or verdict, tax issues can significantly lessen the amount of recovery, which makes reaching a settlement more difficult or makes a plaintiff less satisfied with a judgment.
Practitioners should ask two pertinent questions when considering the tax implications of employment cases:
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