Tag Archives: Internal Revenue Code

Benchmarks: IRS rejects attorney’s ‘self-generated’ records

You’d think a lawyer of all people would appreciate the necessity of properly documenting his expenses when claiming a business deduction on his federal income taxes. But one Wisconsin attorney has come to grief after making the mistake of relying ...

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IRS eases rule making injury awards non-taxable

Awards for physical injuries are no longer required to be derived from a vindication of “tort” rights in order to qualify for exclusion from a taxpayer’s gross income, according to a recent rule amendment issued by the Internal Revenue Service.

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