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
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2021-06-14 Tax Status of Legal Settlement
Articles for this week’s update can be downloaded as as PDF below: