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Taxation & Estate Planning

: TaxProf Blog

Tax Court Rejects Taxpayer's Reliance on "Short-Lived" Murphy Decision

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The Tax Court yesterday rejected a married couple's reliance on Murphy v. IRS, 460 F.3d 79 (D.C. Cir. 2006), and held that the couple could not exclude from income under § 104(a)(2) a $41,000 settlement received in a wrongful termination...

Full post as published by TaxProf Blog on August 08, 2008 (boomark / email).

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