The Tax Consequences of a Punitive Damages Award

Authors

Brock D. Phillips

Abstract

The growth of punitive damages awards has made the tax consequences of such awards increasingly important. This Note considers the legal and philosophical aspects of both the deduction of the award by the payor and the exclusion of the award from gross income by the recipient.

Recommended Citation

Brock D. Phillips, The Tax Consequences of a Punitive Damages Award, 31 Hastings L.J. 909 (1980).
Available at: https://repository.uclawsf.edu/hastings_law_journal/vol31/iss4/5