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Full-Text Articles in Law
Personal Injury Income Tax Exclusion: An Analysis And Update, Frank Doti
Personal Injury Income Tax Exclusion: An Analysis And Update, Frank Doti
Frank J. Doti
No abstract provided.
Commentaries On The Law Of Accounting & Finance: 1997 Yearbook, Frank Doti
Commentaries On The Law Of Accounting & Finance: 1997 Yearbook, Frank Doti
Frank J. Doti
No abstract provided.
Personal Injury Income Tax Exclusion: An Analysis And Update, Frank J. Doti
Personal Injury Income Tax Exclusion: An Analysis And Update, Frank J. Doti
Frank J. Doti
In the Small Business Job Protection Act of 1996 Congress decided to limit the exclusion for personal injury awards in Internal Revenue Code section 104(a)(2) to any compensatory damages received on account of personal physical injuries or physical sickness. Previously the law did not contain the word "physical." Thus, Congress intended to eliminate the benefits of the exclusion for non-physical torts such as employment discrimination and defamation. Unfortunately, neither the law nor legislative history provides sufficient explanation of the meaning of "physical." The author discusses the nature of the ambiguities and suggests that the whole purpose of the exclusion is …