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The Taxation of Settlements and Judgments: What You Need to Know

THE TAXATION OF SETTLEMENTS AND JUDGMENTS: WHAT YOU NEED TO KNOW

Cost $15.00
Presentation Length 1.0 hour

Recorded DateJuly 2, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

The taxation of settlements and judgments is often a confusing and misunderstood area of federal tax law. This webinar will provide tax practitioners with some clarity on common federal tax issues that arise in the settlement and litigation processes. Practitioners will learn about the “origin of the claim” doctrine and its application, the taxation of physical injuries and physical sickness, and the taxation of legal fees, pre-and post-judgment interest, and punitive damages, among other topics. Practitioners will also learn effective methods to assist their clients who are involved in settlement negotiations or litigation. 
 
Learning Objectives:


  • Define key federal income tax concepts regarding the taxation of settlements and judgments

  • Identify methods to effectively assist clients who are in settlement negotiations or who have executed settlement agreements

  • Determine the federal tax consequences of settlement agreement allocations

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Gray reed

Matt Roberts is a tax litigator and trusted advisor with considerable experience helping U.S. and international clients successfully resolve all types of federal tax controversies involving civil or criminal liability, from tax audits and investigations to litigation, appeals, and collection matters. Having served nearly three years as an attorney-advisor to the Chief Judge of the U.S. Tax Court in Washington, D.C., Matt brings unique insight to navigating intricate government processes and developing innovative and cost-effective solutions to his clients’ tax problems. His client list spans many industries and ranges from individuals and entrepreneurs to non-profits, trusts and estates, partnerships, and corporations.  

Clients also rely on Matt to advise on best practices for preventing or minimizing the financial and criminal impact of government tax inquiries. He handles a variety of tax compliance and reporting matters, including preparing voluntary disclosures to remedy unfiled or incorrect tax returns, advising on international tax reporting and penalties, and preparing opinions on the tax consequences of major financial events such as lawsuit judgments and settlements and theft or other tax losses.  

As a respected thought leader on complex tax matters, Matt is in high demand as a speaker and author on a wide range of topics. His articles have been published in national and regional publications such as the Journal of Practice and Procedure, Tax Notes, The Tax Adviser, and Today’s CPA.  

Matt has also served as a tax law professor at the Southern Methodist University Dedman School of Law, where he taught law students Corporate Income Taxation.  
 

About Our Presenter

Gray reed
Gray Reed is a full-service Texas law firm in Dallas and Houston. Since 1985, our firm philosophy has been to provide high-quality legal services in a streamlined manner, to provide sophisticated and complex legal advice that is reasonably priced, and to provide big-firm results with small-firm efficiency. We are dedicated to achieving success for our clients, as they define success -- whether that is winning a critical lawsuit, closing a key deal, consulting to save taxes, or just giving good business advice.