Archive for July, 2008

Dennis Rodman’s Contribution to Personal Injury Tax Law — Confidentiality Leads to Taxability

Thursday, July 3rd, 2008

Outside the legal community, Dennis Rodman is well known for his ferocious defense and rebounding skill during his long career in the NBA, as well as his tattoos, piercings and wild off-the-court partying lifestyle.  In the legal community, Mr. Rodman is well known for causing an incident that led to a landmark tax law case, […]

Does the IRS Profit From My Pain? Taxability of Personal Injury Awards and Settlements

Tuesday, July 1st, 2008

At the end of a Personal Injury case, I frequently hear a common question — Do I have to pay taxes on the money I am receiving?  Thankfully, the answer is usually no.  Personal Injury recoveries are one of the few exchanges of money in the United States that do not result in a tax […]