Tax status of Title VII awards unclear

Article Abstract:

The Supreme Court's decision in Burke v US has eliminated tax exemptions on damages or settlements gained under Title VII of the Civil Rights Act of 1964, but has refused to address the same issue as regards the amendments in the Civil Rights Act of 1991. This resolves disagreements among the Circuit Courts, but leaves the tax status of personal injury damages under the new law uncertain. The issue revolves around whether or not discrimination cases involve 'tort-like' injuries.

Analysis, Taxation, Compromise and settlement, Settlements (Law), Damages, Damages (Law), Civil procedure

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Structured for a reason

Article Abstract:

Issues are discussed regarding the need for consumer protection legislation to thwart the factoring companies who abuse unsophisticated recipients of structured settlements by buying an increasing percentage of their payments and leaving them with welfare as their only support when they are unable to work.

United States, Management, Structured settlements, Factoring (Finance)

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