In California does a person have to pay taxes on a (physical) personal injury settlement?


Posted January 26th, 2009 by admin 2 Comments »
personal injury settlement
lbcali asked:


I’m not sure what a 1099 form is or if and when I will have to file it for my (physical personal injury) settlement. Any info or input would be greatly appreciated.

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Posted in United States | 2 Comments »

What is considered a good personal injury settlement?


Posted January 26th, 2009 by admin 1 Comment »
personal injury settlement
Chris asked:


This was for injury from a car accident in Illinois. I was once told that a good settlement was 1.5x your medical bills. I’m looking for an “adaptable” estimate like the one above as the amount of injury can vary greatly and the medical bills are a good indication of that.

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Posted in Law & Ethics | 1 Comment »

What is taxable in Personal injury settlement under the US tax code?


Posted January 26th, 2009 by admin 3 Comments »
personal injury settlement
Titus M asked:


I’m suing my landlord/his insurance company, because a few years ago I fell down a common stairwell after the landlord had removed the carpeting, but not the nails. I have a good personal injury attorney, but she’s not sure about tax questions.

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Posted in United States | 3 Comments »

How much personal injury settlement will I receive?


Posted January 22nd, 2009 by admin 2 Comments »
personal injury
Robin H asked:


I slipped & fell at a restaurant & broke my upper arm, shoulder & 3 ribs. How much settlement can I expect from the personal injury case? Does the restaurant’s insurance pay this?

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Posted in Injuries | 2 Comments »