U.S. Tax Court Says Taxpayer's Income Includes False Claims Act Award
Lawyers USA › February 07, 2010
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Summary
A taxpayer's gross income includes an $8.75 million settlement that he received in a federal False Claims Act lawsuit, the U.S. Tax Court has ruled.
The taxpayer received an $8.75 million "qui tam" payment after suing Lockheed Martin for defrauding the federal government.See the full content of this document
Extract
U.S. Tax Court Says Taxpayer's Income Includes False Claims Act Award
On his income tax return, he reported $5.25 million as "other inco...
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