Description
Learn how to minimize the impact of employment related litigation and settlements to your bottom line.
This presentation will introduce HR professionals to common issues that arise in the context of employment litigation settlements. The program will cover the general rules that apply to determining the income tax treatment of a litigation settlement, with an emphasis on the forms of damages that a plaintiff in an employmentrelated lawsuit may recover. Concerning employment lawsuits, the program will address the documents that are key to determining how the settlement payment should be allocated across the various claims and how that affects the employers tax reporting. The risks of errors in the process and unique issues for both plaintiffs and employers will also be explored.
Date: 2024-01-11 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to define the general tax treatment of litigation settlements.
* You will be able to differentiate tax treatment for various types of claims, including employmentrelated settlements.
* You will be able to identify the components of employment settlements classified as ordinary income.
* You will be able to explain the concept of structured settlements in the context of taxtion.