Author: Ayden
Attorney Trisha Festerling
Attorney Trisha Festerling has been practicing law for seven years. A graduate of the University of Wisconsin – Milwaukee, she later earned a law degree from Regent University School of Law in 2007. She was admitted to the State Bar of Wisconsin in 2007. In 2007, she began a practice focusing exclusively on family law.…
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When is a Lawsuit Settlement Taxable?
When is a lawsuit settlement taxable? The answer depends on many factors, including the type of lawsuit, plaintiffs’ identity, and other issues. Here’s an example to demonstrate the distinction between compensatory and punitive damages. During the tax calculation, the IRS considers a class action settlement as taxable income if the amount of the award exceeds…
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Class Action Lawsuit Against Microsoft
There’s a class-action lawsuit against Microsoft, and you can be part of it. It’s been going on for years, and it’s a good example of how anti-competitive behavior can affect consumers. In the 1990s, Microsoft was so dominant that it got into trouble with the Department of Justice for anti-competitive behavior. You could receive as…
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Bank of America Lawsuit Settlement Approved
A class-action Bank of America lawsuit settled for $410 million was approved by a federal judge on Thursday. The suit relates to debit card overdraft fees, which Bank of America charged customers for overdrafts over the past decade. The settlement came under fire from some Bank of American customers who were unhappy with the high…
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Are Lawsuit Settlements Taxable?
You may wonder whether or not lawsuit settlements are taxable. This can be tricky because they may cover a variety of different concerns. However, the IRS treats damages and settlement proceeds differently. Generally, your settlement agreement will allocate the appropriate categories of damages to your case and its dollar value. If this is consistent with…
Read MoreShape Up Shoes Lawsuit
In 2010, a woman sued Manhattan Beach-based shoemaker Skechers USA for causing her to fall. Sandra McDonald filed a lawsuit against the company in Los Angeles Superior Court alleging that her Shape-up shoes caused her to trip and fall, and breached her warranty. She also claimed that Skechers failed to warn her of a defect…
Read MoreHow Do You Pay Taxes on a Lawsuit Settlement?
How do you pay taxes on a lawsuit settlement? There are many factors to consider when determining whether you need to pay tax on your settlement. Legal settlements can include lost wages, damages for emotional distress, and attorney fees. All of these items are taxable. While the amount of your award may be large, you…
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How to File a Lawsuit on Your Own
If you have a valid legal claim against a company or individual, you may wonder how to file a lawsuit on your own. Often, fear of attorney fees stops people from filing a lawsuit, but it’s important not to let this hold you back from seeking justice. This article will outline the steps you need…
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Taxes on Lawsuit Settlements
When it comes to filing taxes, many people don’t understand the rules governing lawsuit settlements. However, these rules are complicated and may not apply to all situations. The IRS considers the nature of the business, the plaintiffs in a case, and other factors when determining whether or not a settlement should be taxed. Here are…
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Class Action Lawsuit Against Wal-Mart
The class-action lawsuit against Wal-Mart is based on a history of sexual harassment in the retail industry. The plaintiffs were initially estimated to include half a million women, but now the number has grown to two million. The plaintiffs’ lawyers argue that all female Wal-Mart employees since 1998 are eligible to join the case. In…
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