Settlements for physical injury or illness are not taxable. However if any part is earmarked for lost wages, interest, or punitive damages those portions are fully taxable as ordinary income. Some attorneys are...
2 Answers · Business & Finance · 10/12/2011
The PLR system allows a taxpayer (individual or business) to pay a fee, state his case, and ask the IRS to determine how they would tax an usual situation *before* the taxpayer actually has the taxable event.
1 Answers · Business & Finance · 27/09/2009
7 Answers · Business & Finance · 16/02/2007
1-800-829-1040 Hours of Operation: Monday – Friday, 7:00 a.m. – 10:00 p.m.
8 Answers · Business & Finance · 21/07/2008
I can't comment on Canadian tax law. The American (I'll interpret that to mean US citizen) is subject to US tax law regardless of residence or source of income. The link below is an IRS FAQ for US...
3 Answers · Business & Finance · 30/11/2006