Income tax consequences of damages awards and settlements
| Author | Stanley P. Stephenson/David A. Macpherson |
| Pages | 215-222 |
INCOME TAX DAMAGES:
AWARDS/SETTLEMENTS
8-1
CHAPTER 8
INCOME TAX CONSEQUENCES OF
DAMAGES AWARDS AND SETTLEMENTS
§800 INTRODUCTION
§810 TAX TREATMENT OF DAMAGES AWARDS AND SETTLEMENTS
§811 General Rule 1
§812 Exception for Damages on Account of Personal Physical Injury and Physical Sickness
§813 Emotional Distress Damages
§814 Punitive Damages
§820 TAX ADJUSTMENTS FOR TAXADVANTAGED PERSONAL INJURY DAMAGES
§821 Is an Adjustment Required?
§822 An Example of Adjusting for Taxes in Case involving Personal Physical Injury
§830 ADDED AWARDS TO OFFSET ADVERSE TAX CONSEQUENCES
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