2021-06-14 Tax Status of Legal Settlements

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Manage episode 294902210 series 16567
By The Ohio Society of CPAs. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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

Copyright 2021, Kaplan Financial Education

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