Manuel J. Serpa, Jr. and Patricia A. Serpa - Page 1

                                 T.C. Memo. 1998-453                                  

                               UNITED STATES TAX COURT                                

               MANUEL J. SERPA, JR. AND PATRICIA A. SERPA, Petitioners                
                   v. COMMISSIONER OF INTERNAL REVENUE, Respondent                    

               Docket No. 8209-94.                 Filed December 28, 1998.           

               Lewis J. Paras, for petitioners.                                       
               Carmino J. Santaniello, for respondent.                                

                                 MEMORANDUM OPINION                                   

               COLVIN, Judge:  Respondent determined that petitioners had a           
          $12,017 deficiency in income tax for 1991.  The sole issue for              
          decision is whether part of the $150,000 petitioners received in            
          settlement of a tort action is prejudgment interest, and, if so,            
          whether it is excludable from gross income as damages for a                 

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