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Origin of the Claim - Legal Settlements and Fees and the Tax Law

Ed Zollars' Tax Update Podcast
Ed Zollars' Tax Update Podcast
Episode • Dec 10, 2005 • 22m

This week we look at the issue of legal fees and settlement, and the tax status of such. We'll look at the result in the Hauge case where a taxpayer and the partnership she owned virtually all of the interests in settled the same legal dispute with quite different tax consequences.

I am going to be speaking this week in Columbus, Ohio on Thursday and have a pretty full day Friday, so we may be late getting next week's podcast up--but we'll try and get it up on time.

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