Vincent v. Comm'r

NANCY J. VINCENT, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Vincent v. Comm'r

No. 13470-03

United States Tax Court

T.C. Memo 2005-95; 2005 Tax Ct. Memo LEXIS 95;

May 3, 2005, Filed

John F. Sherwood, Sr., for petitioner.

Jean Song, for respondent.

Laro, David

LARO

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 from her income…