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Retirement tax questions
Hi @LenaH ,
What amount do I declare to offset the amount if .. ?
Total Settlement: $70,000 ($25, 702.49 actual damages + $44,297.51 additional damages) + attorneys' fees
Recovery for total damages: $25, 702.49
Recovery from additional damages: $24, 363.63 ($44,297.51 - $19,933.88 45% retainer agreement)
Attorneys' Fees and Cots: $19,933.88 + $41,500
Total to the client: $50,066.12
In addition, FCA claimed $88,716.49 in the 1099-MISC fee, which includes attorneys' fees that I did not receive.
Thank you for your help.
Thank you for the help.
‎February 4, 2023
3:26 PM