A Limited World-Wide-Web Overview Of » State Employment Law Az Coupled With Similar Research
How to file a 1099-Misc from a class action law suit?
I was a class member in a class action law suit and received a 1099-Misc for the settlement amount of a little over $1,000. I'm not exactly sure where I need to file this, as in, which line. I am using a form 1040. I am also filing 2 schedule Cs for other self-employment business/income but it just didn't seem to fit with those and was not really from being self employed. I'm kinda stumped on this one. I always file my own taxes so please, nobody refer me to H&R Block or TurboTax just to get some points, k? Appreciate it! Also, I am mainly asking about my Federal return but if you have any info on AZ state, that would be helpful, too!
Settlement for injury is not taxable. If it is for lost wages or interest, it is taxable. Read about settlement taxes http://taxipay.blogspot.com/2008/08/us-income-tax-topics-1.html
Arizona Immigration Dilema: Mistaken Education & Labor Laws
Tags: bookmarking, bookmarks, delicious, social, web2.0