Tax on emotional damages held unconstitutional: how to protect clients in the short term

Since 1996, Sec. 104(a)(2) has specifically excluded awards for personal physical injuries or physical sickness from taxation. Accordingly, awards for emotional distress, mental anguish or loss of reputation have been firmly recognized as taxable income. In Murphy, DC Cir., 8/22/06, the court held t...

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Veröffentlicht in:	The Tax Adviser 2006-12, Vol.37 (12), p.700
Hauptverfasser:	Winkelman, Kenneth A, Fornaro, James M
Format:	Magazinearticle
Sprache:	eng
Schlagworte:	Income tax Injuries Laws, regulations and rules Personal injuries Refunds Remedies Reputations Settlements & damages State court decisions Tax court decisions Taxable income Taxation Taxes
Online-Zugang:	Volltext
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