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Live Webcast Replay

Taxation of Judgements and Settlements


Total Credits: 2.4 including 2.4 Taxes - Technical

Average Rating:
   57
Categories:
ACPEN Industry Institute |  ACPEN Tax Institute |  Tax |  IRS Approved
Faculty:
Allison M. McLeod, LL.M., CPA
Course Levels:
Basic
Duration:
2.4 Hours
License:
Product Setting: Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

In the course of legal actions, payments may be made pursuant to a final disposition of a court case or a mutually agreed-upon settlement.  This course will cover the tax implications for payments made for personal injury, emotional distress, lost wages, punitive awards, pre- and post-judgement interest, contract claims, among other damages.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.
 

Basic Course Information

Learning Objectives
  • Obtain a working knowledge of the IRC, Treasury Regulations and case law governing the taxation of litigation payments.
  • Be able to differentiate between the different types of damage payments and whether they are taxable to the recipient or deductible by the payor.
  • Be able to draft pleadings and agreements to order to allocate the payments among the different categories of damages.
  • Have an ability to advise clients on the most advantageous manner of categorizing settlement payments. 

Major Subjects
  • Types of damages or remedies that can be awarded or agreed upon pursuant to litigation.
  • Review of the Internal Revenue Code and regulations governing the taxation of various types of litigation payments.
  • Suggestions for drafting pleadings or settlement agreements.

Course Materials

Faculty

Allison M. McLeod, LL.M., CPA's Profile

Allison M. McLeod, LL.M., CPA Related Seminars and Products


Allison M. (Yee) McLeod, LL.M., JD, CPA, is currently a Senior Lecturer at the University of North Texas in Denton, Texas.   She received Bachelor of Business Administration and Juris Doctor degrees from Baylor University, and a Master of Legal Letters (LL.M.) degree specializing in Taxation from the Southern Methodist University School of Law. Professor McLeod has also studied British and Art History at the University of Sussex, England. 

Prior to joining the UNT faculty in 2010, Professor McLeod held the position of Director of Tax Planning and IRS Audits for Lehigh Hanson North America, a major manufacturer of cement, aggregates and other building materials. Her practice included both federal and international tax planning. Professor McLeod also spent thirteen years specializing in Tax Planning with the JCPenney Corporation, Inc., and two years with Deloitte & Touche in Dallas.

Professor McLeod has taught at the university level graduate classes on Ethics, Tax Research, Multi-jurisdictional Taxation and Corporate Income Tax.   She also lectures in Financial Accounting and Individual Taxation on an undergraduate level.  She has taught at the UNT College of Law as adjunct faculty and works part-time at the law firm of Grable Martin Fulton, PLLC.   Since 2011, Professor McLeod has been honored to present live and on-line ethics CPE classes to CPAs across the nation.  She also serves as an expert witness in accounting malpractice cases and maintains a small private practice serving individuals and small businesses.  Professor McLeod has also taught at the University of North Texas College of Law as adjunct faculty.  She is currently serving on the Professional Ethics Committee of the Texas Society of CPAs.

Professor McLeod is licensed to practice law by the State Bar of Texas since 1992 and has been a Certified Public Accountant since 1993.  


Dates

Sat, Dec 21, 2024 - 05:00pm to 07:05pm EST
Thu, Jan 09, 2025 - 10:00am to 12:05pm EST
Thu, Jan 30, 2025 - 07:00pm to 09:05pm EST
Mon, Feb 03, 2025 - 01:00pm to 03:05pm EST
Wed, Feb 12, 2025 - 02:00pm to 04:05pm EST
Sat, Feb 15, 2025 - 12:00pm to 02:05pm EST
Fri, Mar 14, 2025 - 04:00pm to 06:05pm EDT
Mon, Mar 31, 2025 - 05:00pm to 07:05pm EDT
Fri, Apr 04, 2025 - 10:00am to 12:05pm EDT
Wed, Apr 23, 2025 - 12:00pm to 02:05pm EDT
Thu, May 01, 2025 - 01:00pm to 03:05pm EDT
Tue, May 20, 2025 - 02:00pm to 04:05pm EDT

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses that have tax implications.  All in-house and public practice tax professionals will benefit from this timely and insightful seminar. 
Original Recording Date 06/2022
Course Developer Allison M. McLeod
Date Added to Catalog 05/17/2022
Yellow Book No

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). 


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Reviews

5
4
3
2
1

Overall:      4.7

Total Reviews: 57

Comments

Christopher B - Plymouth, Michigan

"Very informative."

Nicholas M - Livonia, Michigan

"Good presenter. Information was very valuable. "

Cathryn C

"Allison is always an excellent instructor!"