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Articles Posted in Damages and taxes

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Murphy v. IRS: IRC 104(a)(2) nonphysical damages are excludable (Overturned but interesting reasoning)

Murphy v. I.R.S. — F.3d — 2006 WL 24113372, D.C.Cir., Aug 22, 2006 (Slip Opinion No. 05-5139). Quick summary What the Murphy court said is if you are emotionally harmed or if your reputation is injured, you get to keep all of the damages and not pay any taxes. [Please…

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