FindLaw
> Library
> Taxation-- Federal > Income Taxation- Income Taxable > Compensation for Injury or Sickness
Library Search
-
Taxes On Back Pay ( June 2001 )
In April, the U.S. Supreme Court ruled that a back pay award or settlement must be taxed as wages in the year in which the amount is paid and may not be attributed to the prior years for which the amount was intended to be compensation. The case involved the Cleveland Indians baseball team which paid $2.7 million in back pay to 22 baseball players for salary that should have been paid 7-8 years earlier. -
Uncle Sam and Settlement Proceeds: Is the Settlement Taxable? ( November 1998 )
In negotiating the settlement of an employment law case, will the settlement proceeds be taxable, reportable o. -
Taxation of Damages Under the Small Business Job Protection Act of 1996 ( November 1996 )
On August 21, 1996, President Clinton signed the Small Business Job Protection Act of 1996. Taxation of damages w.
Ads by FindLaw