A taxpayer was required to include a $73,000 lump-sum payment of Social Security benefits in his gross income, even though he was required to reimburse his private disability insurer for that amount, the U.S. Tax Court has ruled in upholding a $16,000 deficiency assessment.
A Los Angeles Superior Court jury has awarded $4.2 million in damages to a disability insurance policyholder who said her insurance company had unreasonably terminated her benefits.
A federal jury in South Dakota has awarded $6.2 million to the estate of a woman who claimed her disability insurer refused to pay her claims after taking her premiums for years. The verdict, handed down Friday, will affect people nationwide, said the woman’s attorney, Michael Abourezk. Click here for the full article from The Rapid City Journal.