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Settlement Taxable? - Hutchison & Stoy

Are Compensatory or Punitive Damages Taxable?

When it comes time for taxes, reportable income can vary. If you received money from a court settlement, you are probably wondering if you are required to report your earnings.

The term “damages” applies to the amount of money the victim receives due to the lawsuit. Courts promote justice for those involved by awarding damages. Justice is given to those suffering who receive a lump sum to help them through the situation they are experiencing financially.

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Motorcycle on Road with Texas Motorcycle Law Caption

Texas Motorcycle Laws: Everything You Need to Know

Texas is known for its motorcycle culture. With long stretches of open road and countless different terrains, it is a great destination to bring your motorcycle.

Before you take to the open road, you need to know Texas’ motorcycle laws.

Below we have detailed everything you need to know to safely and legally ride your motorcycle in the state of Texas.

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Defamation in the Workplace

Defamation of Character in the Workplace

Are you curious what constitutes defamation of character, or believe that you may have been a victim yourself?

Defamation is defined as purposeful and false damage to one’s reputation.

This can come in the form of slander, which is spoken defamation, or libel, which is harmful to one’s reputation through false written accusations. Being subjected to defamation can damage your job prospects, income, or standing in a community, so knowing how to deal with it is essential.

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Crash versus Accident

Crash versus Accident: What is the Difference?

Can words help keep you safe behind the wheel? Many automotive safety groups say the language we use has an effect on our behavior when driving on the roads – and some of that language needs to change.

There’s a growing call to replace the word “accident” with the word “crash.”

What’s behind this idea, and can a change in word choice really reduce automobile-related fatalities?

Here’s what you need to know:

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Passenger Personal Injury Claim

Can a Passenger in a Car Accident File a Personal Injury Claim?

There’s no denying that being a passenger in a car accident is a frightening experience.

In addition to the surge of emotions felt during and after the wreck, there’s a good chance you’ve suffered some type of injury.

If you have become injured as a passenger in a car accident, then it’s very important to take the right steps to ensure that you are compensated for any medical bills and lingering issues.

Here’s everything that you need to know about filing a personal injury claim as a passenger in a car accident.

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Dallas Mavericks - Sexual Harassment Lawyer

Dallas Mavericks Management Crosses the Line

On February 20, 2018, reporters from Sports Illustrated published a jaw-dropping and well-researched article on the culture of sexual harassment and sexism that ran rampant in the Dallas Mavericks organization until very recently. Former and current employees quoted in the article described the culture as “a real life Animal House,” with ex-CEO Terdema Ussery being the worst abuser.

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Contingency Fee Lawyers Explained

Everything You Need to Know About Contingency Fee and No Win, No Fee Lawyers

Many people live in fear of dealing with litigation because they feel that they have no means of paying for an attorney’s services out of pocket.

Lawyers are, after all, expensive.

High expense doesn’t always have to be the case, especially if you retain a lawyer that agrees to a contingency fee. Contingency fee lawyers are an excellent avenue to the justice system, but they have restrictions you should know.

These attorneys are also called “no win, no fee” lawyers.

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Car wreck settlement

What’s The Average Car Accident Settlement?

If you have been involved in a car accident, you’re probably dealing with medical bills, insurance payments and emotional distress. Auto wrecks always seem to happen at the wrong time, and they can leave you hassling with issues that you never thought you would have to deal with.

A car accident settlement can reimburse you for the money that you’ve paid out. It can also make up for lost wages, physical or psychological trauma and the cost of replacing your car.

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Texas ban texting and driving

Frequently Asked Questions about the New Law in Texas Banning Texting and Driving

In September of 2017, Texas became the 48th state to ban texting while driving. The ban on texting and driving was enacted in response to the devastating impacts people in Texas have suffered as a result of distracted driving.

For example, in 2016, Texas saw approximately 500 deaths and over 3,000 injuries from auto, truck and other motor vehicle crashes caused by distracted drivers who were texting and driving.

Congress, police and other safety authorities are hoping the ban will curb texting and driving, which will in turn, prevent accidents and save lives.

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