TaxMamas TaxQuips: Tax Quips
Class Action Settlement
October 24, 2012
Today TaxMama® hears from Michael with this earth-shattering question. “I received a small class action settlement ($3.50) from a class action against Classmates.com . Is this settlement taxable for IRS purposes?â€
Dear Michael,
Sure, isnâ€
Los Angeles, CA
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