Taxation of Damage Awards and Settlement Payments.

• Author: Fink, Philip R.
• Position: On the Bookself

Taxation of Damage Awards and Settlement Payments, by Robert W. Wood (Tax Institute, 3d ed., 2005), covers the tax rules and planning opportunities available for damage awards stemming from litigation. The book examines the includibility, deductibility and reporting of settlements and judgments. It shows traditional planning techniques to enhance the tax results for plaintiffs and defendants. It details the tax aspects of personal...