For those who are interested in a career in tax law or even personal injury law, the D.C. Circuit has ruled that non-physical personal injury (emotional distress, loss of reputation) compensation unrelated to lost wages and earnings is not "income" within the meaning of Amendment XVI, rendering § 104(a)(2) of the Internal Revenue Code unconstitutional. This would appear to be a win for the "little guy".
TaxProf Blog has more.
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