department of energy compensation

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • sdarave
    Member
    • Dec 2014
    • 72
    #1

    department of energy compensation

    I am looking for information regarding the DOE compensation for asbestos workers. I can't find anything on the DOE website or on the IRS website.

    Is the compensation taxable? It seems like it would be treated the same as workers compensation, but I'm not sure. Any insights are appreciated, thanks in advance!
    Tags: None
    • Roland Slugg
      Senior Member
      • Aug 2006
      • 1860
      #2
      Compensation for asbestos (mesothelioma) injuries are treated as personal injury damages and, as such, are not taxable in accordance with Code ยง104(a)(2).
      Roland Slugg
      "I do what I can."

        Comment

        • taxea
          Senior Member
          • Nov 2005
          • 4292
          #3
          Page not found - Thomas, Coon, Newton & Frost
          http://www.stc-law.com/wcasbestos.html
          Believe nothing you have not personally researched and verified.

            Comment

            Previous template Next

            Disclaimer

            Collapse

            This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

            Working...