Quote:
Originally Posted by dienstuhr
Second, I'm surprised that you feel that determining the tax consequences of the award are "your responsibility". You're (presumably) not a tax lawyer or accountant, so why would you think that it's appropriate that you become an "expert" in this situation?
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Actually, I am an accountant.
It is not technically "my" responsibility but I consider this to be "my" money and so I take responsibility. I will obviously get good advice, but I don't take anybody's word without doing my own research. My lawyer is very good and was a district attorney for 25+ years prior to private practice. she is currently semi-retired. Even so, every ounce of info I have gotten from her has been double checked by me - it's just my nature.
And, since there are many competant people on this board, I use this forum for a sounding board. I've gotten a lot of great advice over the years (but even so, I still check for myself).
Yes, I am structuring the settlement but I just want to be sure for myself, that the employer pay's their half of the tax burden. I will get competent tax advice.