Tax,
Civil Litigation
Apr. 1, 2019
New tax rules could swallow up much of the Monsanto verdict
The new tax math under President Donald Trump’s tax bill can be onerous.
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.
If you get cancer from an allegedly harmful product, are damages won in a personal injury lawsuit taxable? Your first reaction is to say of course not. We all know that damages for personal physical injuries and physical sickness are not supposed to be taxed. But it is easy to forget that this rule is only for compensatory damages.
The exclusion from taxes doesn't cover punitive damages or interest. And if you think about the legal ...
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