Damages Received on Account of Personal Physical Injuries or Physical Sickness
other · IRS · Rule · Published 2012-01-23 · Effective 2012-01-23 · 77 FR 3106
Document
Document number
2012-1255
Federal Register citation
77 FR 3106
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2012-01-23
Effective date
2012-01-23
Treasury docket
TD 9573
Abstract
This document contains final regulations relating to the exclusion from gross income for amounts received on account of personal physical injuries or physical sickness. The final regulations reflect amendments under the Small Business Job Protection Act of 1996. The final regulations affect taxpayers receiving damages on account of personal physical injuries or physical sickness and taxpayers paying these damages.