Terrific analysis and approach as to potential tax consequences.
I have never heard of that. It is a very interesting analysis. Do you know if this has happened? I agree with you that is is certainly possible and with the IRS, you just never know.
Amos v. Commissioner, T.C. Memo 2003-329
Thank you. Great advice.
I just spoke to a defense I respect and he said he puts in a clause for $50 in consideration , and has another release indicating language that there is mutual consideration for the confidentiality. He told me only about 10% of the better plaintiff's counsel are aware or even ask for it. My thanks to you for educating me and giving me the cite.
I would also like to thank you for providing this timely message.