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The Supreme Court last week took up two consolidated appeals by the government on an issue that has split the circuit courts: whether taxpayers must include in their gross income the portion of damages recovery that is used to pay an attorney under a contingency fee agreement. An unusual coalition of business, trial lawyers and civil rights groups is urging the justices to rule against the IRS, which argued that the entire recovery must be included.
November 09, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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