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August 2019 Archives

Tax treatment of monetary settlements requires careful review

Each year, a certain number of Oregon residents suffer injuries in accidents caused by other people, while others endure harassment, discrimination or retaliation at work. When these individuals exercise their rights to make claims for such incidents, they may receive monetary awards. Not everyone remembers that he or she may be on the hook for income taxes on these monetary settlements.

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Lockbox Tax Service
2640 SE Grant Street
Portland, OR 97214

Phone: 510-992-6896
Fax: 510-338-9241
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