U.S. Supreme Court
Apr. 23, 2008
Supreme Court Upholds Taxation Of Damages for Personal Injury
Ending the roller-coaster ride for a closely watched tax case, the U.S. Supreme Court on Monday let stand a lower court's ruling that personal injury plaintiffs do have to pay taxes on compensatory damages for emotional distress or loss of reputation.
Daily Journal Staff Writer
This article appears on Page 1
WASHINGTON - Ending the roller-coaster ride for a closely watched tax case, the U.S. Supreme Court on Monday let stand a lower court's ruling that personal injury plaintiffs do have to pay taxes on compensatory damages for emotional distress or loss of reputation.
In a surprising initial decision that gar...
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