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Article: Tax Deductibility & Statutory Damages–A Waiting Trap

Risk Settlements > Blog & Articles  > Article: Tax Deductibility & Statutory Damages–A Waiting Trap

Article: Tax Deductibility & Statutory Damages–A Waiting Trap

What happens when class action resolutions include statutory damages? Are those payments tax deductible?

Download the “Designing and Resolving Mass and Class Actions” article, in which Peter Robbins, CPA, Partner at Corbett & Robbins, LLP, discusses tax implications for class action settlements including statutory damages and how failing to treat these payments appropriately can further acerbate financial damage.

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