Legal Settlement Payments

Lisa Marie Brugman, EA

Published on: 25/05/2026

Legal settlements aren’t always tax-free. This guide explains which settlements may be taxable, when exceptions apply, how attorney fees are treated, and why the wording of your settlement agreement matters more than most people realize.

IncomeTaxesExpensesOther

Missed a quarterly estimated payment

Lisa Marie Brugman, EA

Published on: 01/04/2026

Missed a quarterly estimated tax payment? It’s not the end of the world—but it can lead to penalties and interest. This guide explains what happens, how the IRS calculates penalties, and what you can do to catch up and minimize the damage.

Estimated Taxes