Taxation of Damage Awards and Settlement Payments, 3d ed.

• Author: Fink, Philip R.
• Position: Brief article - Book review

Taxation of Damage Awards and Settlement Payments, 3d ed., by Robert W. Wood (Tax Institute, 2005; update, 2007), is a useful guide for tax lawyers, accountants, litigators, judges, law clerks, and law professors who need to know the many tax implications of damage awards and settlement payments. It includes discussions of the tax aspects of legal fees in connection with class action cases, cases in which a plaintiff dies prior to reaching a settlement or obtaining a judgment, whether settlements and judgments are treated as wages for employment tax purposes...