Tag Archives: taxes

Do You Pay Taxes on Lawsuit Settlement Money?

People file lawsuits for a wide variety of reasons. Perhaps you have been injured in an automobile or work-related accident and the responsible party refuses to pay. Maybe you suffered wrongful termination and you want back-pay, as well as punitive damages. Or it could be that you are a contractor who completed work and never

The Tax Implications of Life Insurance


Life insurance policies are confusing things, and there’s absolutely no secret about that. While there are plenty of resources available to help you understand the ins and outs of life insurance, it can still be easy to get a little lost in the details, whether you’re trying to figure out exactly which type of plan

Common Tax Audit Trigger Myths


The tax audit is a looming fear in the minds of many taxpayers who imagine the IRS as some kind of Big Bad Wolf in a black suit who will blow your house down as soon as he finds the slightest error in your annual filing. To most, the realm of tax requirements and penalties

How Getting Married Will Affect Your Taxes


Taxes are probably the last thing you’ll want to think about after getting married, considering everything else that’s piling up on your plate. Starting a new life with your spouse incurs many lifestyle changes, and you may feel either overwhelmed or empowered by everything that’s going on. You’re no longer flying solo. You and your