Money for your mental anguish is taxable.
That was the ruling Tuesday from a federal appeals court, which reversed what it said just 11 months ago.
Money for your mental anguish is taxable. That was the ruling Tuesday from a panel of the D.C. Circuit, which reversed what it said just 11 months ago. The decision came in the case of Marrita Murphy, who was awarded damages for emotional distress and loss of reputation after she complained to authorities of environmental hazards at the New York Air National Guard base. After siding with Murphy last August, the panel now concludes that taxable income includes compensatory damages for non-physical injuries.
July 05, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Money for your mental anguish is taxable.
That was the ruling Tuesday from a federal appeals court, which reversed what it said just 11 months ago.
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