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    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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    Workers Compensation Settlement

    daliashehata
    Level 2
    ‎06-22-2020 08:23 PM

    My client sued his company and won. The lawyer took a big portion of the settlement. Can he deduct the lawyer's fee from the amount he reports?

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    2 Comments 2
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎06-22-2020 08:28 PM

    What is he reporting?   What did he get paid for?


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    BobKamman
    Level 15
    ‎06-22-2020 10:15 PM

    Since workers compensation is not taxable, expenses to collect it are nondeductible.  

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