TaxAudit Blog

Tag: settlement

Settlement written on a piece of paper placed of $100 bills

While some legal settlements can be excluded, either in full or partially, the vast majority of legal settlements will be considered to be taxable income.

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Closing Cost Analysis Statement

Many people try to guess the amount of their closing costs and use that for their taxes. If they are ever audited, this would not likely work out well for them.

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