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Category: physical injury or sickness

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….

Published August 23, 2016
Categorized as 104 exclusion, physical injury or sickness, Tax Blog, Tax Law Blog

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