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United States gross incomeassignment of incomeattorney fees

Commissioner v Banks

543 US 426 (2005)
JurisdictionUnited States
CourtSupreme Court of the United States
Year2005
StatusBinding authority

Key Principle

Attorney's fees paid from a litigation recovery are includable in the taxpayer's gross income; the entire recovery is income to the plaintiff, not just the net amount after fees.

Area of Law

tax

Related Cases

Moore v United States 602 U.S. 572 (2024)
Connelly v United States 602 U.S. 521 (2024)
Gregory v Helvering 293 US 465 (1935)

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