Littler | Recent U.S. Tax Court Opinion Illustrates How Language in Settlement Agreements Can Determine Tax Treatment of Payments | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources Recent U.S. Tax

Littler | Recent U.S. Tax Court Opinion Illustrates How Language in Settlement Agreements Can Determine Tax Treatment of Payments | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources Recent U.S. Tax

By William Hays Weissman and Andrew Ignacio, Littler In Mennemeyer v. Commissioner,1 the United States Tax Court reminds us that a settlement agreement that is not carefully drafted can have significant tax consequences.  Background  The employee was employed as a financial specialist. She was fired for dishonesty, which made it difficult for her to find subsequent work. She initiated Financial Industry Regulatory Authority (FINRA) arbitration, …