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Home / News Stories / IRS eases rule making injury awards non-taxable (access required)

IRS eases rule making injury awards non-taxable (access required)

Awards for physical injuries are no longer required to be derived from a vindication of “tort” rights in order to qualify for exclusion from a taxpayer’s gross income, according to a recent rule amendment issued by the Internal Revenue Service. The amendment addresses the rule interpreting §104(a)(2) of the Internal Revenue Code. Section 104(a)(2) excludes ...

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