Farahi Law Firm, APC Los Angeles

  Some personal injury cases can be  settled for maximum compensation ,  which means a big amount of money in the thousands or millions of dollars. It may also come with tax obligations. Whether the lawsuit settlement agreement that resulted from your personal injury claim is taxable depends on several factors. It also can depend on what type of damages were included in the award. Regardless, understanding the tax impact and implications of a personal injury settlement can be confusing and overwhelming. If you have received an acceptable settlement, then it’s important to know whether it is taxable and, if so, how to appropriately report it come tax time. Are Personal Injury Settlements Taxable?  For those wondering if they are going to lose a significant percentage of their settlement in tax obligations, we are here to explain everything about taxes and personal injury settlements. Continue reading the article here, and learn more about personal injury law. Full Art...

When a wrongful death takes place, those affected may recover financial damages to compensate for the lost wages and suffering caused by the tragedy. Juries take into account several aspects when determining compensation amounts, such as prior income, future earning potential, and how much family members relied on them. Read the full article and learn more about how  personal injury lawyers Los Angeles  could help. Full Article: What Qualifies for Wrongful Death in California?