Taxation of Settlements & Judgments in Civil Litigation
Total Credits: 1 including 1 Alabama CLE Credit
- Average Rating:
- Not yet rated
- Categories:
- Tax Law | Trial & Litigation
- Faculty:
- Stephen J. Turanchik
- Original Program Date:
- Jan 22, 2026
- License:
- Never Expires.
Description
The tax treatment of a settlement can matter as much as the amount. We break down income inclusion, exclusions, fees, interest, and timing so you can negotiate with tax in mind. Draft allocations that withstand scrutiny and avoid unpleasant surprises at filing time.
Schedule:
- Distinguish taxable, excludable, and capital amounts in common claims.
- Address attorney-fee reporting, deductibility, and Forms 1099 and W-2.
- Use allocation language and releases to support intended tax results.
- Evaluate timing options, structured settlements, and interest components.
Faculty
Stephen J. Turanchik Related Seminars and Products
Paul Hastings, LLP
Stephen J. Turanchik is an attorney in the Los Angeles office of Paul Hastings, LLP, where his practice focuses on tax litigation at the state and federal levels as well as tax controversy work at the administrative levels. Before entering private practice, he is previously litigated for six years for the U.S. Department of Justice, Tax Division, where he litigated over 300 tax cases in federal, bankruptcy, state and probate court. He has also lectured at Loyola Law School and California State University, Fullerton on topics relating to tax litigation and is chair-elect of the executive committee of the Los Angeles Bar Association’s Tax Section. Mr. Turanchik received his B.A. from the College of the Holy Cross, his J.D. from Fordham University School of Law, and his LL.M. in Taxation from New York University School of Law.
