Tax
Jun. 2, 2026
Is good tax language in settlement agreements enough?
No matter how good the language in a settlement agreement may be, tax language in a settlement agreement does not guarantee the desired tax treatment.
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.
Lawyers help clients to close transactions, transfer property, settle estates, pursue debt collection, prosecute and settle legal disputes, and handle numerous other matters. Lawyers handle many legal documents, including settlement agreements that resolve disputes. In many situations, money changes hands at some point, as occurs in a lawsuit settlement.
Money changing hands usually means tax is...
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