Deducting Restitution: Above or Below the Line
5 Pages Posted: 10 Aug 2010
Date Written: June 28, 2010
Abstract
In this article, Wood looks at restitution payments and the continuing struggles between taxpayers and the IRS over their tax treatment. Examining the recent Cavaretta case in the context of prior restitution authorities, he concludes that slogging through the details can often yield deductions despite the IRS’s reference to fine and penalty authorities.
Suggested Citation: Suggested Citation
Wood, Robert W., Deducting Restitution: Above or Below the Line (June 28, 2010). Tax Notes, Vol. 127, No. 13, 2010, Available at SSRN: https://ssrn.com/abstract=1655876 or http://dx.doi.org/10.2139/ssrn.1655876
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