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From Fahey to Nahey: wandering off the origin of claim path in settlement of acquried legal claims.
- Source :
- Taxes: The Tax Magazine. August, 2002, Vol. 80 Issue 8, p35, 10 p.
- Publication Year :
- 2002
-
Abstract
- The Fahey rule for the tax treatment of income from settlements treats all such income as ordinary, rather than capital gains. This creates several problems and discourages settlement of legal claims. The Fahey standard should be replaced by a standard which considers the origin of the claim.
Details
- ISSN :
- 00400181
- Volume :
- 80
- Issue :
- 8
- Database :
- Gale General OneFile
- Journal :
- Taxes: The Tax Magazine
- Publication Type :
- Periodical
- Accession number :
- edsgcl.90244447