Settlement Planning

Welcome to the Settlement Planning articles page. On this page, you can access different articles we’ve written about Settlement Planning.

Why You Should Include a “No-1099” Provision in Settlement Agreements

Why You Should Include a “No-1099” Provision in Settlement Agreements At the recent annual conference of the Society of Settlement Planners, one of the presenters suggested adding a provision regarding Form 1099s to settlement agreements. Defendants or their insurers will [...]

Taxation of Personal Injury Settlements

Income Tax Settlement recoveries arising from compensatory damages for personal physical injuries are income tax free. IRC Section 104(a)(2) states in part: “…gross income does not include the amount of any damages (other than punitive damages) received (whether by [...]