Tax Institute

Taxation of Damage Awards and Settlement Payments

The Fourth Edition (© 2009) of Robert W. Wood’s book, Taxation of Damage Awards and Settlement Payments, is now available. Since the publication of the First Edition in 1991, this book has become used throughout the United States by tax lawyers, accountants, litigators, judges, law clerks and law professors. Now in its Fourth Edition, this volume is fully up-to-date. Not only is the Fourth Edition full of the latest cases, fully reflecting the judicial and administrative law developments since the publication of the last edition and its supplements, but several key new legislative developments are covered.

Highlights Include:

Key private letter rulings on structured settlements, bad faith suits, and more.
New IRS guidelines on wage vs. non-wage characterization in employment disputes.
An expanded chapter covering tax considerations in business and investment disputes.
A new full-length chapter explaining the tax treatment of interest and punitive damages, especially in cases settling on appeal.
Full updates to tax treatment of personal physical injury awards, with the latest cases and rulings.
Expanded coverage of the distinction between capital gain and ordinary income in lawsuit recoveries, with particular focus on:
- The nature of capital vs. ordinary disputes;
- Proving basis;
- Navigating the sale or exchange requirement; and
- What you can do to help secure capital gain treatment.
Enhanced planning techniques for drafting settlement agreements.

Expanded coverage of legal fees, above-the-line deduction, fees in class actions, developments since Banks, and more.

A completely overhauled index and new Forms and Agreements CD-ROM.

Table of Contents

Highlights of the 2008 Update

Highlights of the 2007 Update

Highlights of the 2006 Update

Read reviews of Taxation of Damage Awards and Settlement Payments here.

PUBLICATIONS

Taxation of Damage Awards and Settlement Payments