This makes no sense at all.. am I liable to pay taxes on the entire $300,000 settlement of the civil case lawsuit when my portion (after lawyer fees and other fees) totaled $290,000? Again, I received a $10,000 check but a $300,000 1099-MISC because I was the lead in the class action. Wouldn't this be similar to a group of friends winning the lottery, split the winnings, but only the person who bought the ticket for the group pays taxes on the entire winnings?
