California Employment Law Update

Tag Archives: tax liability

Employee Who Received Settlement For Defamation Claims Was Liable For Back Taxes

Polone v. CIR, 473 F.3d 1019 (9th Cir. 2007) Gavin Polone sued his former employer, United Talent Agency, alleging, among other things, wrongful termination and defamation. In settlement of the defamation claim, Polone agreed to accept $4 million in four equal, six-month installments, beginning on May 3, 1996. Congress amended Section 104 of the Internal … Continue Reading

Employee Who Received Settlement For Defamation Claims Was Liable For Back Taxes

Polone v. CIR, 499 F.3d 1041 (9th Cir. 2006) Gavin Polone sued his former employer, United Talent Agency, alleging, among other things, wrongful termination and defamation. In settlement of the defamation claim, Polone agreed to accept $4 million in four equal, six-month installments, beginning on May 3, 1996. Congress amended Section 104 of the Internal … Continue Reading

Employee Was Required To Pay Taxes On Part Of $8.73 Million Wrongful Termination Settlement

Banaitis v. CIR, 340 F.3d 1074 (9th Cir. 2003) In his tort claims against his former employer (Bank of California) and its successor (Mitsubishi Bank), Sigitas Banaitis alleged wrongful discharge and interference with his employment agreement. After losing at trial in Oregon state court (where Banaitis obtained a $6.27 million verdict in his favor) and … Continue Reading
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