Articles

August 25, 2020

ke kumu: Should a Payment be Considered as Income or Qualify for a Deduction?

By Trever K. Asam The conclusion of a litigation matter, whether through judgment or settlement, often brings relief to parties who are eager to move on. But before closing the books, plaintiffs and defendants must consider the tax implications of any payment—including whether the amounts must be taken into income or qualify for a deduction—and […]

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