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 This material may not be published, broadcast, rewritten or redistributed.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:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Ferguson Shooting Spurs Sharpton Get-Out-The Vote Effort

Friday, 31 Oct 2014 22:03 PM

With Tuesday's midterm elections approaching, the memory of Michael Brown – the Ferguson, Mo. man shot to death by polic . . .

Kansas Urges Judge Not to Rule on Gay Marriage

Friday, 31 Oct 2014 20:23 PM

The Kansas attorney general's office told a federal judge Friday that he should not consider blocking the state from enf . . .

Virgin Crash Sets Back Space Tourism by Years

Friday, 31 Oct 2014 18:55 PM

The deadly crash of Virgin Galactic's spacecraft has dealt a devastating setback to the cause of space tourism, delaying . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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