Law-Forums.org

[philibert63]

Are damages awarded from a medical malpractice case subject to income taxes?

[lathrop]

Are damages awarded from a medical malpractice case subject to income taxes?

[egann]

It depends on if some of the award is considered punitive. The part that is not punitive is NOT taxable. The part that is punitive IS taxable - and attorney fees cannot be netted out. In other words, if most of the award is punitive, you will owe a bunch of tax because you can only subtract out part of your biggest expense - the lawyers - like you can for most taxable income.

[teithi71]

$50,000.00 R E W A R D

Is offered to anyone who can show me the following:

1. What statute makes me liable to pay an income tax.
2. How I can file an tax return without waiving my Fifth Amendment protected Rights.

My name is Bill Conklin and I have researched the Internal Revenue Code for twelve years. It is my opinion after extensive research that there is no statute that makes anyone liable for the income tax and that all individuals who file tax return waive their Fifth Amendment protected Rights. The I.R.S. refers to the income tax system as a “voluntary tax system” so they can continue to use the information proffered on 1040 Returns against individuals in criminal cases.

What does the I.R.S. say about me? Mr. Conklin “knows the I.R.S. and I.R.S. procedures inside and out.” (Quote of Russ Vialpando, Special Agent, Denver District Office.)

Write for a free information packet to:

N.C.B.A.
P.O. Box 2255
Longmont, CO 80502