2021-06-14 Tax Status of Legal Settlement
This week we look at:
IRS publishes Q & A on 2021’s enhanced child and dependent care credit on website
Malpractice settlement related to taxpayer’s divorce was taxable to her - and situation made worse to going to Tax Court
IRS discusses interaction of depreciation related §481(a) adjustments and computation of ATI through 2021
An audio only version of this week’s broadcast can be streamed or downloaded below:
Articles for this week’s update can be downloaded as as PDF below: