TaxAct has agreed to settle but has not admitted wrongdoing. TaxAct class settlement: How much is it? The settlement applies to those who used TaxAct‘s online do-it-yourself 1040 tax filing ...

Taxes: Is A Class-Action Lawsuit Considered Income? Class action settlements are considered taxable income under the Internal Revenue Code, with some exceptions listed in the code.

In the eyes of the IRS, however, having a debt forgiven is akin to earning income. "You will be taxed on any forgiven debt over $600," debt relief attorney Leslie H. Tayne of Tayne Law Group told ...

A federal judge has approved a $330,000 settlement agreement in a class action lawsuit brought against the Investment Committee for Boston College’s 401(k) plans and the University by two former ...