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Is a Personal Injury Settlement Taxed? | Chambliss, Bahner & Stophel, P.C.

Is a Personal Injury Settlement Taxed? | Chambliss, Bahner & Stophel, P.C.
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Fact Check: Post Claims IRS Tells Taxpayers to Claim Income from Illegal Activities. Here's What We Found

The agency's regulations also list how to report embezzled funds.

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How to Avoid Paying Taxes on Settlement Money?

How to Avoid Paying Taxes on Settlement Money?
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I Went Through a Lawsuit Settlement Recently. How Can I Avoid Paying Taxes?

Winning or settling your lawsuit can be exhilarating. After you've received the settlement money and paid attorney fees, most people assume that the rest is theirs to keep. However, some settlements are subject to taxes. And, unfortunately, many people don't … Continue reading → The post How to Avoid Paying Taxes on a Lawsuit Settlement appeared first on SmartAsset Blog.

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How Can I Avoid Taxes on My Side Job?

The gig economy pads the budgets of millions of Americans - but there are tax implications from taking a side job. Fortunately, you can reduce the taxes on your side jobs, depending on your situation. For help figuring out how … Continue reading → The post How to Avoid Paying Taxes on Side Jobs appeared first on SmartAsset Blog.

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