1 Answer
For the USA.
The Internal Revenue Service classifies "compensatory damages" as income you receive for a physical injury as "other compensation" and generally holds that these forms of reimbursement are not taxable. Specifically IRS Publication 525 "Taxable and Nontaxable Income" states "Many other amounts you receive as compensation for sickness or injury are not taxable."
Read more :http://www.ehow.co.uk/info_7758768_do-accident-claim-settlement-income.html
11 years ago. Rating: 7 | |
Top contributors in United States category
Unanswered Questions
nohu90comcom
Answers: 0
Views: 4
Rating: 0
Hitclub – Sân Chơi Trực Tuyến Đẳng Cấp Miền Viễn Tây
Answers: 0
Views: 5
Rating: 0
tylekeonhacaicasino
Answers: 0
Views: 8
Rating: 0
tylekeonhacaicasino
Answers: 0
Views: 6
Rating: 0
68gb
Answers: 0
Views: 13
Rating: 0
68gb
Answers: 0
Views: 5
Rating: 0
Nhà Cái EE88 Trang Chủ Chính Thức
Answers: 0
Views: 12
Rating: 0
m88ren
> More questions...
Answers: 0
Views: 5
Rating: 0