T.C. Memo. 2003-36
UNITED STATES TAX COURT
CHRISTOPHER J. AND VICKILYNN M. MCCANN, Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 370-01. Filed February 14, 2003.
A. Albert Ajubita and Wanda L. Theriot, for petitioners.
Susan S. Canavello, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
COLVIN, Judge: Respondent determined an $83,922 deficiency
in petitioners’ Federal income tax for 1994.
Petitioners received $839,000 in 1994 in settlement of a
medical malpractice lawsuit. Respondent concedes that $583,017
of that amount is excludable under section 104(a)(2). The sole
issue for decision is whether the remaining $255,983 is also
Page: 1 2 3 4 5 6 7 8 9 10 11 12 Next
Last modified: May 25, 2011