5 Tax Tips You Must Know After Receiving a Personal Injury Settlement or Award
We are in a new year and tax season is just around the corner. Because of this, if you have received a personal injury settlement or award it is important that you understand all the tax ramifications before filing your tax returns. Years ago I incorrectly thought that a personal injury settlement or award was simply not taxable. But this isn’t completely accurate. Unfortunately when the IRS is involved nothing is simple and this topic is more complex than I initially thought when I created my YouTube video on the topic. So this is meant to supplement that video.