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Taxation of Judgements and Settlements

 Various
 
2.4
Registration is Open
Member Price
$79.00 Regular Registration
Your Price
$109.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Tue, 06/03/2025 from 12:00 pm to 2:05 pm
 Thu, 06/19/2025 from 10:00 am to 12:05 pm
 Tue, 07/01/2025 from 12:00 pm to 2:05 pm
 Mon, 07/14/2025 from 3:00 pm to 5:05 pm
 Tue, 08/05/2025 from 12:00 pm to 2:05 pm
 Tue, 08/19/2025 from 10:00 am to 12:05 pm
 Tue, 09/02/2025 from 12:00 pm to 2:05 pm
 Mon, 09/15/2025 from 3:00 pm to 5:05 pm
 Tue, 10/07/2025 from 12:00 pm to 2:05 pm
 Mon, 10/20/2025 from 10:00 am to 12:05 pm
 Tue, 11/04/2025 from 12:00 pm to 2:05 pm
 Fri, 11/14/2025 from 3:00 pm to 5:05 pm
 Tue, 12/02/2025 from 12:00 pm to 2:05 pm
Designed For:

This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses that have tax implications. All in-house and public practice tax professionals will

Prerequisite:

None

In the course of legal actions, payments may be made pursuant to a final disposition of a court case or a mutually agreed-upon settlement.  This course will cover the tax implications for payments made for personal injury, emotional distress, lost wages, punitive awards, pre- and post-judgement interest, contract claims, among other damages.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to [email protected].
 

Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Basic

Sponsors

For Technical Support: 
Please contact the ACPEN Help Desk at (877) 602-9877, [email protected]   or visit https://vscpa.acpen.com/Support/. The Help Desk is available by phone 24/7, 365 days a year. Allow 1 business day for email

Objectives

  • Obtain a working knowledge of the IRC, Treasury Regulations and case law governing the taxation of litigation payments.
  • Be able to differentiate between the different types of damage payments and whether they are taxable to the recipient or deductible by the payor.
  • Be able to draft pleadings and agreements to order to allocate the payments among the different categories of damages.
  • Have an ability to advise clients on the most advantageous manner of categorizing settlement payments. 

Speakers

Advanced Preparation

None

Vendor

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.