Tax
Jun. 30, 2009
Awards for Wrongful Imprisonment Should Be Tax-Free
It is hard to imagine a more compelling case for tax-free treatment than being wrongfully confined behind bars, writes Robert Wood.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
FORUM COLUMN
By Robert W. Wood A person is arrested, convicted, spends time behind bars, is later exonerated and then seeks redress for his injuries. Although no amount of money can wash away years of wrongful confinement, damages for wrongful imprisonment can ease the pain. Amazingly, it isn't clear if such awards are taxable, but a recent case suggests they are. I believe that is unconscionable. Damages for personal physical injuries or sic...
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