Inference of Physical Sickness or Injury Not Sufficient to Exclude Settlement Payment
Settlement payments paid to compensate a taxpayer for his physical sickness or injury are not taxable. This rule has been heavily litigated. It often comes down to what proof there is of the physical sickness or injury. In Abraham v. Commissioner, T.C. Memo. 2016-156, the court addressed an argument that the physical sickness or injury[...]
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