compensatory damages
Question Details: defendant will send a check to my attorney as compensatory damges due to wrongful death of my spouse. Attorney will deduct his expenses and his fees. he will send me the rest of the money. Is the money that I will receive taxable by IRS?
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Wrongful Death - Accidental Death Law Answers
No. Here is the link to the IRS publication regarding taxable and non-taxable income relating to court awards and damages: http://www.irs.gov/pub/irs-pdf/p525.pdf.
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