Wrongly Convicted Won't Pay Taxes on Compensation

Tuesday, 16 Nov 2010 07:49 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

DALLAS (AP) — Former inmates who were wrongly convicted are welcoming an IRS ruling that means they'll no longer have to pay taxes on compensation payments.

Some inmates say the old policy was like being cheated twice: They were wrongly imprisoned, and then the government that locked them up taxed them on the money they were paid to make amends.

The change in policy amounts to a massive savings for the wrongly convicted in Texas, which leads the nation with 40 DNA exonerations. Cory Session's wrongly convicted brother Tim Cole died in prison before he could be cleared by DNA testing. Session says the exonerees were thrilled with the rule change. One made Session repeat the news to his wife over the telephone.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

NYC Council Speaker: City Should House Unaccompanied Minors

Friday, 25 Jul 2014 14:18 PM

New York City Council Speaker Melissa Mark-Viverito said the city should follow the lead of other cities and offer to sh . . .

House GOP Slashes Obama Border Request, to OK Just $1B

Friday, 25 Jul 2014 13:31 PM

House Republicans plan to vote next week on a bill providing less than $1 billion of the $3.7 billion President Barack O . . .

Google to Collect Data on the Human Body

Friday, 25 Jul 2014 11:59 AM

Computer search engine giant Google is the latest high-tech company to launch inroads into the health field with a new m . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved