GoFuckYourself.com - Adult Webmaster Forum - Do companies sue their other companies?

GoFuckYourself.com - Adult Webmaster Forum (https://gfy.com/index.php)

- Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)

- - Do companies sue their other companies? (https://gfy.com/showthread.php?t=955395)

MrMaxwell

02-23-2010 09:42 PM

Do companies sue their other companies?

If court awards aren't taxable,
Why don't people just lose all of their money to their friends in court and then enjoy everything tax free? Does that happen?

BIGTYMER

02-23-2010 09:43 PM

The taxability of court settlements depends on what the settlement is for. If it is compensation for a loss, in general it is not taxable. If it is a 'penalty' it will be taxable.

fatfoo

02-23-2010 09:47 PM

Tax can happen.

http://t1.gstatic.com/images?q=tbn:i...me-tax-tom.jpg

All times are GMT -7. The time now is 01:05 AM.