No. Generally speaking, under Section 104 of the Internal Revenue Code, monies received as settlement for personal injuries are not considered taxable income. The rationale behind this rule is that you are not realizing a taxable event because the settlement money is intended to put you in the position you were in prior to the Massachusetts accident. Therefore, […]
Are Personal Injury Settlements Taxable in Massachusetts?
Are Personal Injury Settlements Taxable in Massachusetts?
Unfortunately, people are still not wearing seat belts. There are far too many people involved in Massachusetts auto accidents who sustain serious and fatal injuries that could have been prevented by wearing a seat belt. This disturbing and perplexing story was provided by msn.com which reveals that too many drivers are not wearing seat belts: The latest […]
If the parties involved in a Massachusetts injury claim have reached an impasse, mediation can oftentimes help to achieve resolution. But, mediation only really works if the parties are willing to make it work. If the parties to the dispute are unreasonable in their expectations, or, are unwilling to compromise their differences, mediation is probably […]
Massachusetts auto accidents occur with alarming frequency. With the sweltering summer temperatures fast approaching, it is important to realize that higher roadway surface temperatures mean increased tire blowouts. Here is a post provided by Phoenix Personal Injury Lawyer Randall S. Udelman on this very topic: In the summer months, check the tire pressure in your cars or trucks as […]
I thought it would be nice to dedicate my 240th post on this blog to something other than Massachusetts personal injury law, especially given the fact that a very important holiday is fast approaching. A fellow blogger, Grant Griffiths, a Kansas family law attorney, has a great post on his Kansas Family Law Blog about […]
The May 11th edition of the New England Journal of Medicine featured a story that refutes the popular belief that many medical malpractice claims are frivolous and without merit. This article perhaps vindicates many medical malpractice attorneys across the US and their efforts to advance meritorious claims on behalf of the victims of medical malpractice. […]
Arbitration is a form of alternative dispute resolution. What that means is that it offers an alternative, outside of court, to resolve a dispute. Increasingly in recent years, arbitration has gained favor as a tool to resolve Massachusetts personal injury claims. Arbitration is a voluntary and mutual decision that is reached by a personal injury claimant and […]
There is a new personal injury blog, the Maryland Personal Injury Blog, authored by Maryland personal injury attorney Ronald V. Miller. Attorney Miller has a great post on his blog about recent trucking accident jury verdicts. Here is the post: A recent Jury Verdict Research nationwide study looked at truck accidents from 1996 to 2005 found that the […]
Massachusetts insurance companies hire people to photograph vehicle damage following a motor vehicle accident. These photographers are skilled at taking photographs from angles which downplay the actual damage sustained to the vehicle. It is for that reason that you need to know how to properly photograph your vehicle after your accident. Here is a great article filled […]
After a Massachusetts personal injury accident, you may experience financial woes. For example, perhaps you are unable to work following the accident, but medical bills from your medical treatment keep piling up. This is common following not only Massachusetts auto accidents, but also Massachusetts slip and fall accidents, and nearly all other accidents under the sun. […]