I understand that the IRS issues answers and opinions in response to individual taxpayers and company requests. Many of these answers are relevant to a specific part of the IRS code that affects very few people and require an IRS professional to offer a researched answer or opinion.
Where can I find on the IRS website if such an answer or opinion has been posted about my particular situation?
I am part of a class action lawsuit (Skochin v. Genworth long-term care insurance company) and received several thousand dollars last year in the lawsuit’s settlement, ordered by a judge.
I am verbally told by a Genworth representative that they did not report individual amounts of the settlement to the IRS. They would not put in writing the information that they verbally told me.
I read the IRS rules about settlements. I believe that the settlement falls in the category of exclusion from taxation.
I wonder if my situation particular to this long-term care insurance settlement is covered anywhere at the IRS?
