Torts/Personal Injury,
Tax
Mar. 24, 2026
Tax pitfalls in personal injury settlements
Every lawyer should know a few key tax rules that can shape what plaintiffs actually take home after a case resolves. Settlement wording, the claims involved and even how checks and Forms 1099 are issued can change the tax result.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Every lawyer should know a few key tax rules that could influence what their clients will take home when the smoke clears after a lawsuit is resolved. Wording in settlement agreements influences taxes to a surprising degree, and a little tax knowledge can come in handy when you are trying to settle cases. Plaintiffs want to know whether their settlement is taxable, and even if your engagement letter s...
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