NSL89
Returning Member

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.