Under Section 104 of the tax code, compensatory damages for personal physical injuries or physical sickness are free of tax. For generations, “personal injuries” were enough for an exclusion, but ...

The tax treatment of personal injury settlements and verdicts is widely misunderstood, but the rule is actually simple. All compensatory damages attributable to a physical injury or sickness (e.g., ...

From today's decision by Magistrate Judge Robert Lehrburger (S.D.N.Y.) in Webber v. Dash: At the end of four-day trial, the jury unanimously found the defendants liable for copyright infringement and ...

What was once a $7.5 million damage award against Wal-Mart for discrimination now stands at $900,000, after a federal magistrate judge decided Monday that a jury's compensatory award might have been ...

Damages are an essential part of any breach of contract claim. Understanding the monetary value of the client’s claim is just as important as understanding the elements or likelihood of success of ...