WHY SETTLE FOR LESS? FACTORING IN TAXABILITY
- Recent developments in the taxation of federal statutory damages. Wells, Wayne R. // CPA Journal;Feb96, Vol. 66 Issue 2, p40
Focuses on developments in the taxation of federal statutory damages, specifically the applicability of IRC Sec. 104(a)(2). Expansion during the 1980s; Ruling of United States versus Burke; Civil Rights Act of 1991; Revenue Rule 93-88 issued by the Internal Revenue Service; C>I>R> versus Schleier.
- Tax court excludes back pay received for age discrimination. Barton, Peter; Sager, Clayton // CPA Journal;Mar1994, Vol. 64 Issue 3, p62
Discusses the Tax Court's decision exclude from taxation all damages, including back pay received as a result of age discrimination. 1991 and 1993 decisions on the case of Downey versus Commissioner; Standard for claims to be a tort-like personal injury; International Revenue Service's concerns...
- Taxability of damages. Hanson, Randall K.; Smith, James K. // CPA Journal;May98, Vol. 68 Issue 5, p22
Discusses the tax rules relating to damage awards. Common theories asserted in seeking to recover civil money judgments; Taxability of damage recoveries; Structuring of settlement agreements. INSET: In brief..
- Deduction of Tax from Damages. Jacobs, H. I. // Accountancy;Nov71, Vol. 82 Issue 939, p649
Presents a letter to the editor in response to the article about deduction of tax from damages, which was published in the September 1971 issue of the journal "Accountancy."
- CORPORATION TAX. // Accountancy;Feb1968, Vol. 79 Issue 894, p125
Presents a British legal case dealing with corporate taxation. Facts, issue and ruling in 'Roberts v. WS Electronics Ltd.'; Tax treatment of payment in compensation for the diversion of the company's goodwill; Controversy as to whether such payment is capital or income in nature.
- Taxation law-the taxation of damages and back pay awards in light of United States v. Burke... Morris, Cathy // Journal of Corporation Law;Summer93, Vol. 18 Issue 4, p769
Focuses on taxation laws governing the taxation of damages and payback awards. Analysis of damage awards determined to be included or excluded in gross income; Reviewing court decisions under section 104(a) with focus on `United States versus Burke'; Comparison of taxation of damages awarded...
- Employment discrimination damages. // Practical Accountant;Mar97, Vol. 30 Issue 3, p21
Reports on the non-excludability of employment discrimination damages from gross income under Section 104(a)(2) of the US Internal Revenue Code.
- Taxing times for plaintiffs. Reske, Henry J. // ABA Journal;Nov96, Vol. 82 Issue 11, p22
Discusses the implications of minimum-wage law's obscure provisions taxing both punitive and emotional distress damages. President Bill Clinton's reservations about taxing awards for emotional distress; Experts' view of the measure as clarifying the law and affecting the way settlements are...
- Federal income taxation of punitive damages awarded in personal injury actions. Feinberg, Paul C. // Case Western Reserve Law Review;1992, Vol. 42 Issue 2, p339
Examines the income taxation of punitive damages awarded in personal injury actions in the United States. Nature of the different types of tort damages awards; Origins of the treatment of damages under federal tax law; Judicial decisions regarding the status of punitive damages; US Congress'...