Yesterday in the basic tax class here at Cincinnati, I taught §104(a)(2) (and the wonders of the Murphy case). This film clip of former Piston bad boy Dennis Rodman kicking a courtside photographer sparked a good discussion of the tax treatment of the photographer's damage recovery in Amos v. Commissioner, T.C. Memo. 2003-329 (excluding $120,000 of $200,000 as damages received under §104(a)(2)):
For further discussion of the tax consequences of the Rodman incident, see
- Daniel Posin & Donald Tobin's Blog
- Dennis Rodman and Settlement Proceeds: Are Confidentiality Taxable?
- How Dennis Rodman Messed with Your Client's Settlement
- Photographer Injured by NBA Star Loses Tax Fight
- The Tax Consequences of Being Kicked in the Groin by Dennis Rodman
- What Does Dennis Rodman Have To Do With Your Settlement Agreements?
