Sentences with phrase «compensatory portion of the damage»
There's no indication in this report of any suggestion to modify perhaps the most troubling aspect of punitive damages: that the punishment imposed on the defendant takes the form of an economic windfall to a plaintiff (and plaintiff's attorneys presumably) who has, by definition, already been «made whole» by the compensatory portion of the damage award.
http://www.declarationsandexclusions.com/ Not exact matches
Alaska law allows for both compensatory and punitive damages so if your settlement includes both, the IRS may tax a portion of it, but they will not tax the part considered compensatory.