Clifford's Notes

It's tax time and many people are putting together the finishing touches on their income tax returns in the next few weeks. For plaintiffs who have recovered damages in tort cases in the last several years, there's been a clarification of the rules by the Internal Revenue Service (IRS) regarding those who received a tort recovery. And it's been a long time coming.The IRS announced, effective Jan. 23, that it …

Please sign in to continue.

Become a valued Chicago Lawyer subscriber today and receive:

  • 6 bimonthly print editions mailed.
  • Access to chicagolawyermagazine.com and our e-edition.
  • Bimonthly news and informational emails.
  • Special editions such as Forty Under 40, Practice Resource Guides and much, much more!.

Call (312) 644-2394 or subscribe now.