Is a Personal Injury Settlement Taxable? - Resources from a Personal Injury Lawyer Resources:
1. Settlements Taxability: https://www.irs.gov/pub/irs-pdf/p4345...
2. Cornell University 26 U.S. Code § 104 Compensation for injuries or sickness: https://www.law.cornell.edu/uscode/te...
3. Be sure to call a tax advisor, CPA, or tax attorney.
My name is Chris Parks, and I am a Personal Injury Lawyer located in Boulder, Colorado. I have been practicing personal injury law since 1987 and received my law degree from Tulane University. I am licensed in three states: Colorado, Texas, and Louisiana. I represented thousands of individuals against insurance companies and have tried many lawsuits to a verdict or settlement. I have collected over $100 million dollars for my clients.
If you have any questions, feel free to give me a call, (720) 805-1193, I offer free personal injury consultations. It doesn't cost anything to talk to me over the phone and I am happy to do so.
Chris Parks Law 250 Arapahoe Avenue, Suite #301 Boulder, CO 80302 Phone: (720) 805-1193