Document Type
Article
Publication Date
6-2005
Publication Title
Nevada Lawyer
Publication Title (Abbreviation)
Nev. Law.
Volume
13
Issue
4
First Page
12
Last Page
16
Abstract
Tax law touches virtually all economic and social transactions. Accordingly, no attorney – regardless of his or her specialty – can afford to be unaware of tax effects. Moreover, tax law changes frequently, and obsolete knowledge is a synonym for malpractice.
This article discusses federal income taxation of damages recovered in tort actions. There were important changes in the area in 1996. More recently, a significant statutory change was made in October 2004, and the Supreme Court decided a key case in January 2005.
Rights
© 2005 Steve R. Johnson
Faculty Biography
http://www.law.fsu.edu/our-faculty/profiles/johnson
Recommended Citation
Steve R. Johnson,
Major Changes to Taxation of Tort Damages, 13
Nev. Law.
12
(2005),
Available at: https://ir.law.fsu.edu/articles/267
Comments
First published in Nevada Lawyer.