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Old 02-18-2010, 07:00 PM
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lawsuit employment breach of contract

What are my tax liabilities in the following case;
I settle for $50000, my attorney is entitled to one third.
Do I pay tax on the $50000 then pay the attorney one
third of the $50000, or pay the attorney then pay taxes on
the remaining amount after attorneys fees?


Last edited by eddie3555 : 02-18-2010 at 07:05 PM. Reason: mis worded


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