T.C. Memo. 2005-95
UNITED STATES TAX COURT
NANCY J. VINCENT, Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 13470-03. Filed May 3, 2005.
John F. Sherwood, Sr., for petitioner.
Jean Song, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
LARO, Judge: Respondent determined a $161,940 deficiency in
petitioner’s 1998 income tax. Following trial of this matter, we
must decide as to 1998:
1. Whether $240,000 received by petitioner in settlement
of an employment discrimination lawsuit (lawsuit) is excludable
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