TAX - New Rules, New Ruling - New legislation and a recent court decision have shed light on the tax consequences of client damage awards and related legal fees. This article explains the tax treatment of these awards and fees and provides a four-category framework to determine the proper tax treatment.
| Year of publication: |
2006
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|---|---|
| Authors: | Mason, Richard |
| Published in: |
Journal of accountancy : publication of the American Institute of Certified Public Accountants. - Jersey City, NJ : Inst., ISSN 0021-8448, ZDB-ID 2193590. - Vol. 202.2006, 5, p. 73-76
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