Amos v. Commissioner
United States Tax Court
T.C. Memo. 2003-329 (2003)
Relevant factsFree
Amos (plaintiff), kicked by Dennis Rodman at a basketball game, settled his claims against Rodman for $200,000, allocated in the settlement agreement both to releasing physical-harm claims and to confidentiality provisions, with a liquidated-damages clause tied to the full amount; Amos excluded the entire sum from gross income, and the Commissioner (defendant) argued only a nominal portion qualified for the physical-injury exclusion.
IssueFree
Whether monetary damages received by a taxpayer for personal physical injuries are excluded from gross income for federal tax purposes.