Tax-Free Wrongful Imprisonment Recoveries

4 Pages Posted: 9 Mar 2011

Date Written: February 21, 2011

Abstract

Although wrongful incarceration and similar recoveries are becoming common and can proceed under several different legal theories, their tax treatment has received relatively little attention. In ILM 201045023, the IRS treated a recovery as excludable from income based on personal physical injuries, prompting many in the popular press to suggest that the tax issues surrounding those recoveries are resolved.

Suggested Citation

Wood, Robert W., Tax-Free Wrongful Imprisonment Recoveries (February 21, 2011). Tax Notes, Vol. 130, No. 8, 2011, Available at SSRN: https://ssrn.com/abstract=1781126

Robert W. Wood (Contact Author)

Wood LLP ( email )

333 Sacramento Street
San Francisco, CA 94111
United States
415-834-1800 (Phone)
415-834-1888 (Fax)

HOME PAGE: http://www.WoodLLP.com

Wood LLP ( email )

333 Sacramento Street
San Francisco, CA 94111
United States
415-834-1800 (Phone)
415-834-1888 (Fax)

HOME PAGE: http://www.WoodLLP.com

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